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2020 (10) TMI 98 - HC - Income TaxDepreciation on Floor Space Index (FSI) @ 10% - Whether grant of additional FSI is not in the nature of any kind of assets until and unless the additional flooring/building is constructed, therefore, not eligible for depreciation in this case? - HELD THAT:- This issue has been decided by us in the connected appeal i.e. Income Tax Appeal [2020 (9) TMI 928 - BOMBAY HIGH COURT] arising out of the same common order of the Tribunal for the assessment year 2006-2007. It has been held that no substantial question of law arises on this issue from the order of the Tribunal. Following the said order we dismiss the present appeal of the revenue by holding that no substantial question of law arises from the order of the Tribunal. Depreciation on intangible assets - HELD THAT:- Same question already been answered by this Court in the case of the assessee itself in [2018 (12) TMI 1338 - BOMBAY HIGH COURT] the only difference being that at that stage the assessee was known as Tulip Hospitality Services Limited. It has been held that it is not a substantial question of law.
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