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2015 (2) TMI 1341 - HC - Income TaxDepreciation on the assets acquired from holding company - assessee continued to be 100% subsidiary of the transferor company - whether Tribunal was correct in law in upholding the order of the CIT(A) directing the AO to allow depreciation on the assets acquired from Tata Motors Ltd. at the cost at which they have been acquired? - HELD THAT:- As of now the issue stands concluded against the Revenue by the decision of this Court in M/s. Essar Oil Ltd [2011 (7) TMI 1371 - BOMBAY HIGH COURT] - In these circumstances, we see no reason to keep this appeal pending till the decision of the Apex Court in M/s. Essar Oil Ltd. (supra).
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