after going through the assessment
order, felt that the AO allowed additional depreciation under
Section ... Depreciation:
(i) The value base for the purpose of depreciation shall
be the historical cost of the asset.
Depreciation shall be calculated annually
office
appliance and was entitled for Extra Shift Allowance,
additional depreciation and investment allowance?"
3. We shall proceed to answer the questions ... water distribution system and the claim for extra shift
allowance, additional depreciation and investment allowance on telephone
exchange system. We notice that the assessment year
Tribunal was right in holding
that the assessee is entitled to the depreciation on the increase in the cost of
fixed assets due to fluctuation ... cost of the assets, the assessee
claimed depreciation of `4,462/- on the additional cost represented by the
aforesaid law. The claim was rejected
consisting of various tools and the fact that the depreciation was actually allowed in
the assessment for the assessment year ... sent the remand
report in which he objected to the admissibility of additional evidence under Rule 46A
of the Income Tax Rules, 1962. He doubted
ceased to serve the desired purpose, the
same were sold, after claiming depreciation. The Petitioner filed
two revision petitions, under Section ... alleged by the petitioner The petitioner filed a review
application to the Additional Commissioner (Appeals) which again
reiterated the demand of tax regarding the sale
Director Of Income Tax (Exemption) vs Charanjiv Charitable Trust on 18 March, 2014
Author: R
Krishak Bharati Cooperative Ltd. vs Deputy Cit on 12 July, 2012
Author: S.Ravindra Bhat
Maruti Suzuki India Ltd. And Anr. vs The Additional Commissioner Of Income ... on 6 September
Phd Chamber Of Commerce & Industry vs Director Of Income Tax-Exemptions on 19 October
Whirlpool Of India Limited And Anr vs Uoi And Ors on 28 February, 2013
Author
