![Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Partial-Relief-to-Vodafone-Vodafone-Vodafone-Reassessment-Delhi-HC-Orders-Reassessment-Asset-Restoration-Cost-Income-Tax-taxscan.jpg "Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]")
Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]
In a recent ruling, the Delhi High Court granted partial relief to Vodafone by directing the reassessment of Rs. 5.10 crore claimed as Asset...
![Goodwill Depreciation: ITAT allows Depreciation Claims for AYs 2016- 18 Despite 2021 Finance Bill Exclusion [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Itat-Ahmedabad-income-tax-Depreciation-Claims-taxscan.jpg "Goodwill Depreciation: ITAT allows Depreciation Claims for AYs 2016- 18 Despite 2021 Finance Bill Exclusion [Read Order]")
Building, Machinery Plant or Furniture not Exclusively used for Purpose of Business or Profession: ITAT disallows Depreciation Claim on Building [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) disallowed the depreciation claim on any building, machinery, plant, or furniture not exclusively used for the purpose of business or...
![Building, Machinery Plant or Furniture not Exclusively used for Purpose of Business or Profession: ITAT disallows Depreciation Claim on Building [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/income-tax-ITAT-ITAT-Mumbai-Plant-machinery-taxscan.jpg "Building, Machinery Plant or Furniture not Exclusively used for Purpose of Business or Profession: ITAT disallows Depreciation Claim on Building [Read Order]")
Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Hindustan Times by allowing expenditure incurred on paintings, deeming it essential for creating a conducive...
![Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Hindustan-Times-Business-expenditure-on-art-Tax-relief-for-art-acquisition-Hindustan-Times-painting-expenditure-Taxscan-1.jpg "Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]")
Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]
In a recent decision the Delhi High Court observed that goodwill is intangible asset and claim of depreciation under Section 32(1) of the Income Tax Act, 1961 is allowable. The respondent. M/s...
![Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Intangible-Asset-Claim-Depreciation-Income-Tax-Act-TAXSCAN-.jpg "Goodwill is Intangible Asset, Claim of Depreciation u/s 32(1) of Income Tax Act Allowable: Delhi HC [Read Order]")
Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that Goodwill acquired on Amalgamation is eligible for depreciation under Section 32 of Income Tax Act,1961.Therefore the bench deleted the...
![Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Goodwill-acquired-on-Amalgamation-Amalgamation-Depreciation-Income-Tax-Act-ITAT-deletes-Disallowance-ITAT-Disallowance-Income-Tax-taxscan.jpg "Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]")
![Depreciation Allowable only on Fixed Assets not used for Commercial Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Depreciation-Allowable-Fixed-Assets-Commercial-Purpose-ITAT-TAXSCAN.jpg "Depreciation Allowable only on Fixed Assets not used for Commercial Purpose: ITAT [Read Order]")
The Term ‘Used for the Purposes of Business’ Include Asset Which Kept Ready for Use but Actually not Put to Use: ITAT Allows Depreciation u/s 32 of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed depreciation claims under Section 32 of the Income Tax Act, 1961 holding that the term used for the Purpose of business would...
![The Term ‘Used for the Purposes of Business’ Include Asset Which Kept Ready for Use but Actually not Put to Use: ITAT Allows Depreciation u/s 32 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/The-Term-Used-for-the-Purposes-Business-Include-Asset-Which-Kept-Ready-for-Use-but-Actually-not-Put-Use-ITAT-Allows-Depreciation-Income-Tax-Act-TAXSCAN.jpg "The Term ‘Used for the Purposes of Business’ Include Asset Which Kept Ready for Use but Actually not Put to Use: ITAT Allows Depreciation u/s 32 of Income Tax Act [Read Order]")
Disallowance made u/s40(a)(ia) of Income Tax Act on Ground of Violation of Non Deduction of Tax u/s 194H : ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) directed re-adjudication for the disallowance made under section 40(a)(a) of the Income Tax Act,1961 on the ground of violation of...
![Disallowance made u/s40(a)(ia) of Income Tax Act on Ground of Violation of Non Deduction of Tax u/s 194H : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Ground-of-Violation-of-Non-Deduction-of-Tax-re-adjudication-TXSCAN.jpg "Disallowance made u/s40(a)(ia) of Income Tax Act on Ground of Violation of Non Deduction of Tax u/s 194H : ITAT Directs Re-adjudication [Read Order]")