Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (7) TMI 437 - AT - Income TaxDepreciation on roads - at 10% as building or 25% as plant and machinery - assessee is seeking depreciation as applicable to plants, revenue authorities have allowed depreication as applicable to buiding – Held that:- Roads are to be treated as building and accordingly the depreciation is to be allowed - after the assessment year 1988-89, all the appendices prescribing the table or rates of depreciation had the note that building would include road – In favor of Revenue TDS on Audit fee - amount debited for audit fee on which TDS was not deducted - claim was disallowed u/s. 40(a) – necessary deduction of TDS was made at the time of payment of fee to the auditors only in next F.Y. - Held that:- neither the expenditure pertained to the A.Y. under consideration nor any liability for the same was incurred during the F.Y. relevant to the A.Y. under consideration - disallowance confirmed - appeal filed by the assessee is dismissed.
|