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2010 (2) TMI 25 - HC - Income TaxDepreciation on and crates which were supplied to bottling companies manufacturing cold drinks purchase and lease back ITAT allowed 100% depreciation held that matter is remanded back to ITAT with the following question - (i) Whether the Assessees, in order to claim depreciation under Section 32 of the Act, ought to have put to use the goods viz. bottles, crates, capacitors, for their business? (ii)Whether the assessees in the present matters are entitled to claim depreciation under Section 32 of the Act because they are, according to them, involved in leasing business? matter remanded back
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