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2006 (3) TMI 104 - HC - Income TaxDepreciation – cost of assets – ore shed – extra shift allowance - "(i) Whether, Tribunal is right in directing the Assessing Officer not to deduct the amount of subsidy from the cost of assets for the purpose of calculation of depreciation? – Held that the direction given by the Tribunal to the Assessing Officer not to deduct the amount of subsidy from the cost of assets for the purpose of calculation of depreciation cannot be regarded as erroneous - (ii) Whether, Tribunal is right in directing the Assessing Officer to treat the ore shed as plant and allow depreciation and extra shift allowance?" – Held that the directions given by the Tribunal to treat the ore shed as plant and allow depreciation and extra shift allowance, cannot be regarded as erroneous
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