![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]")
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...
![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]](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]](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]")
ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted disallowance made on account of depreciation on the right to collect annuity on toll roads. The assessee, M/s. Gorakhpur...
![ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-Disallowance-depreciation-Right-To-Collect-Annuity-Toll-Roads-Taxscan.jpg "ITAT deletes Disallowance made on account of Depreciation on Right to Collect Annuity on Toll Roads [Read Order]")
Relief to Mumbai Nasik Expressway: ITAT allows 25% Depreciation on Expenditure incurred for Development of Roads [Read Order]
In a major relief to M/s Mumbai Nasik Expressway, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed 25% depreciation regarding expenditure incurred for development of roads. The...
![Relief to Mumbai Nasik Expressway: ITAT allows 25% Depreciation on Expenditure incurred for Development of Roads [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Mumbai-Nasik-Expressway-ITAT-depreciation-Taxscan.jpeg "Relief to Mumbai Nasik Expressway: ITAT allows 25% Depreciation on Expenditure incurred for Development of Roads [Read Order]")
![60% Depreciation not allowable on iPad as it is not a PC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/iPad-PC-ITAT-Taxscan.jpg "60% Depreciation not allowable on iPad as it is not a PC: ITAT [Read Order]")
Normal Depreciation could be considered as Legitimate Deduction in computing Real Income of Assessee on General Principles: Madras High Court [Read Judgment]
The Madras High Court ruled that the normal depreciation could be considered as a legitimate deduction in computing the real income of the assessee on general principles. The assessee, Music...
![Normal Depreciation could be considered as Legitimate Deduction in computing Real Income of Assessee on General Principles: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Normal-depreciation-legitimate-deduction-real-income-of-assessee-Madras-High-Court-Taxscan.jpg "Normal Depreciation could be considered as Legitimate Deduction in computing Real Income of Assessee on General Principles: Madras High Court [Read Judgment]")
Merely claiming of lessor 100% Depreciation on Asset can’t make the asset as 'previously used' to disqualify the asset from claiming Deduction: Madras HC
The Madras High Court held that, hiring of machineries from sister concern would not amount to transfer to a new business. The assessee-company, Sundaram Non-Conventional Energy Systems Limited is...
![Assessee entitled to Carry Forward Depreciation loss beyond 8 Years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Depreciation-loss-Madras-High-Court-Taxscan.jpg "Assessee entitled to Carry Forward Depreciation loss beyond 8 Years: Madras High Court [Read Judgment]")
Brought forward Unabsorbed Depreciation shall be treated as Depreciation of the Current Year u/s 32 of the Income Tax Act: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi bench has directed the Assessing Officer to treat brought forward unabsorbed depreciation as the depreciation of the current year for the purpose of...
