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2019 (2) TMI 1075 - HC - Income TaxDepreciation on UPS - Tribunal holding that UPS is the part of computer and entitled for depreciation at 60% - Held that:- As relying on COMMISSIONER OF INCOME TAX, CHENNAI VERSUS M/S. ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED [2019 (2) TMI 923 - MADRAS HIGH COURT] issue has been decided by us against the revenue MAT/115JB applicability On Insurance Companies - Held that:- Question to be decided in favour of the assessee and against the Revenue by holding that Section 115JB of the Act does not apply to insurance companies. See ORIENTAL INSURANCE CO. LTD. VERSUS DEPUTY COMMISSIONER OF INCOME TAX, COMMISSIONER OF INCOME TAX (LTU) [2017 (9) TMI 172 - DELHI HIGH COURT]
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