![Network Rights is Goodwill: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/Network-Rights-Depreciation-Taxscan.jpg "Network Rights is Goodwill: ITAT allows Depreciation [Read Order]")
Network Rights is Goodwill: ITAT allows Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has held that the network rights can be treated as goodwill for which, depreciation is...
![Architect Fees paid for Construction of Building is Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Architect-Fees-Taxscan.jpg "Architect Fees paid for Construction of Building is Capital Expenditure: ITAT [Read Order]")
![Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Larsen-Turbo-Taxscan.jpg "Breakdown and Technical Snags of Machineries during Trial runs cannot be a reason for denying Depreciation: Bombay HC grants relief to L & T [Read Judgment]")
Company can claim Depreciation in respect of Equipment Installed in Residential Premises of its Managing Director: ITAT Delhi [Read Order]
The Delhi bench of the ITAT, on Friday held that depreciation under section 32 of the Income Tax Act, 1961 cannot be disallowed to a Company merely for the reason that the equipment was installed in...
![Company can claim Depreciation in respect of Equipment Installed in Residential Premises of its Managing Director: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Company can claim Depreciation in respect of Equipment Installed in Residential Premises of its Managing Director: ITAT Delhi [Read Order]")
Depreciation is Allowable on Goodwill even if it was not shown in Balance Sheet: ITAT Vishakhapatnam [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench recently ruled that depreciation under section 32 of the Income Tax Act, 1961 is allowable on goodwill even if it was not shown in the...
![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]")
A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]
The Title of an immovable property having value of more than Rs. 100/- cannot be deemed as transferred without registration. In a recent ruling, the two-judge bench of the supreme court...
![A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]")
A lessee is not entitled to CENVAT Credit on Capital Goods if the lessor has already availed Depreciation: CESTAT Ahmedabad [Read Order]
Recently, the CESTAT Ahmedabad bench ruled that a lessee is not entitled to CENVAT Credit on capital goods if the lessor has already availed depreciation under the Income Tax Act. The bench was...
![Delhi HC allows Depreciation Claim of Rs. 4 Cr by Sony India Pvt Ltd [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/02/SONY-INDIA.jpg "Delhi HC allows Depreciation Claim of Rs. 4 Cr by Sony India Pvt Ltd [Read Judgment]")