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![No Depreciation allowable in respect of Govt approvals: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "No Depreciation allowable in respect of Govt approvals: ITAT Delhi [Read Order]")
No Depreciation allowable in respect of Govt approvals: ITAT Delhi [Read Order]
In M/s. Pitney Bowes India (P) Ltd v. DCIT, the Delhi ITAT held that no depreciation can be claimed in respect of Government approvals /authorizations...