Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 1125 - AT - Income TaxDepreciation on membership rights of Multi Commodity Exchange - Held that:- In the present case assessee has paid non-refundable admission fees for acquiring trading rights in Multi Commodity Exchange Ltd. The said capital expenditure was eligible for depreciation u/s 32 of the Act. See case of Techno Shares and Stocks Ltd. [2010 (9) TMI 6 - SUPREME COURT OF INDIA] - Decided in favour of assessee
|