![Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Computers-computer-software-ITAT-Rules-ITAT-taxscan.jpg "Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]")
Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Rahul Chaudhary, JM held that...
![Errors in Income Tax Orders: Delhi HC asks NFAC and CBDT to be more Cautious [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Errors-in-Income-Tax-Orders-Delhi-High-Court-NFAC-CBDT.jpeg "Errors in Income Tax Orders: Delhi HC asks NFAC and CBDT to be more Cautious [Read Order]")
![Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-Vehicles-Assessee-ITAT-taxscan.jpg "Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]")
![Depreciation allowable on Marketing Information and Non-Compete Fee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-allowable-Marketing-Information-and-Non-Compete-Fee-ITAT-Taxscan.jpg "Depreciation allowable on Marketing Information and Non-Compete Fee: ITAT [Read Order]")
![Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-not-allowable-Non-Compete-Fee-ITAT-taxscan.jpg "Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]")
Assessing Officer cannot Change his Opinion in Immediate Next Assessment Year without there being any change in Facts & Circumstances: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while quashing an order denying depreciation to the assessee, has held that the Assessing Officer cannot change his opinion in the...
![Assessing Officer cannot Change his Opinion in Immediate Next Assessment Year without there being any change in Facts & Circumstances: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Assessing-Officer-Assessment-Year-ITAT-Next-Assessment-Year-Facts-Circumstances-Taxscan.jpeg "Assessing Officer cannot Change his Opinion in Immediate Next Assessment Year without there being any change in Facts & Circumstances: ITAT [Read Order]")
Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal Ahmedabad ( ITAT ) Presided by Vice President P.M. Jagtap, and Judicial Member Siddhartha Nautiyal has held that, assessee not earning any business income and has...
![Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Income-Depreciation-n-Income-Tax-Act-ITAT-taxscan.jpg "Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]")
Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the depreciation cannot be claimed on the factory building leased out to earn the rental income taxable as “Income from House...
![Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpg "Depreciation can’t be claimed on Factory Building leased out to Earn Rental Income: ITAT [Read Order]")
![Relief to Vodafone Idea: ITAT allows Depreciation on Spectrum Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Relief-Vodafone-Idea-ITAT-Spectrum-Fee-taxscan.jpg "Relief to Vodafone Idea: ITAT allows Depreciation on Spectrum Fee [Read Order]")
Restriction of 8 years for Carry Forward, set-off of Unabsorbed Depreciation had been dispensed with: ITAT allows Assessee to Carry Forward Depreciation Loss [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed assessee to carry forward the depreciation loss pertaining to the assessment year 1997-98 on the gound that the restriction of 8...
![Restriction of 8 years for Carry Forward, set-off of Unabsorbed Depreciation had been dispensed with: ITAT allows Assessee to Carry Forward Depreciation Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Restriction-8-years-unabsorbed-depreciation-depreciation-ITAT-assesse-depreciation-loss-loss-Taxscan.jpg "Restriction of 8 years for Carry Forward, set-off of Unabsorbed Depreciation had been dispensed with: ITAT allows Assessee to Carry Forward Depreciation Loss [Read Order]")
Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the depreciation being statutory allowance cannot be restricted on the basis of personal use. The assessee, Bhagchand Jain is...
![Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Depreciation-statutory-allowance.jpg "Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]")
![ITAT allows Depreciation on Cost of the Assets as Expenditure is allowable [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Depreciation-Expenditure-Income-Tax-Taxscan.jpg "ITAT allows Depreciation on Cost of the Assets as Expenditure is allowable [Read Order]")