Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    New ITR-5 Form Unveiled for AY 2025-26 with Updated...     TaxTMI    Procedural Defect Leads to Invalidation of Tax...     TaxTMI    Judicial Resolution Enables Export Tax Refund...     TaxTMI    Revised ITR-3 Form Introduced for AY 2025-26,...     TaxTMI    SEBI Amends Stock Exchange Rules: Cooling-Off...     TaxTMI    Trustees Now Required to Disclose Litigation and...     TaxTMI    Customs Mutual Administrative Assistance Expanded:...     TaxTMI    RBI Extends Diamond Dollar Account Qualification...     TaxTMI    Firm's Multi-State Registration Sparks Legal...     TaxTMI    Technical Filing Glitch Overturned: GST Appeal...     TaxTMI    Landmark GST Ruling: Petitioners Win Right to...     TaxTMI    High Court Quashes Demand Orders for Procedural...     TaxTMI    Tax Notifications Upheld: Administrative Order...     TaxTMI    High Court Suspends GST Tax Credit Reversal Order,...     TaxTMI    Pending Supreme Court Decision Governs GST Tax...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Eligibility of depreciation claim - depreciation which the ...


High Court Rules Taxpayers Can Choose Whether to Claim Depreciation; It Cannot Be Imposed Automatically.

August 8, 2015

Case Laws     Income Tax     HC

Eligibility of depreciation claim - depreciation which the assessee was not desirous of claiming cannot be foisted on him - HC

View Source

 

← Previous Next →

 

You may also like:

  1. No penalty u/s 271(1)(c) was imposed on the assessee for disallowance of depreciation. The ITAT held that the assessee did not deliberately claim depreciation with an...

  2. Claim of terminal depreciation - assessee had in fact claimed depreciation as contemplated under section 32 merely because it was termed as "terminal depreciation" was...

  3. Claim of higher depreciation of ‘Bizerba weighing scales’ - A photocopy (xerox) machine can also be attached to a computer, however, that does not entitle it for...

  4. ITAT affirmed CIT(A)'s directive to grant TDS credit per Form 26AS despite taxpayer's initial failure to claim full credit in tax return due to software technical issues....

  5. Disallowance of depreciation claimed on the “Goodwill” - The Tribunal reiterated its earlier decision and held that the assessee was entitled to claim depreciation on...

  6. Depreciation on foreign exchange fluctuation loss - foreign currency term loan availed for purchase of windmill - since the assessee has capitalized and claimed...

  7. Non-granting of deduction in respect of depreciation u/s.32 - correction in the ITR - the CIT(A)’s claim that the assessee the assessee has filed a revised return...

  8. Disallowance on account of depreciation on goodwill - Scheme of Amalagamation adopted - the 5th proviso was inserted in order to prevent double claim of the depreciation...

  9. The assessee, after being amalgamated with another company, treated the excess consideration paid over the net assets acquired as goodwill and claimed depreciation at...

  10. Claim of depreciation - Fresh claim made in the revised ITR - irrespective of the fact of assessee claiming or not, the depreciation shall be allowed while computing the...

  11. Disallowance of depreciation on the Project Berth - cost of construction / development - Circular can be applied retrospectively in respect of deductions claimed in...

  12. Disallowance of depreciation on guest house - assessee has claimed depreciation @ 10% on guest house, which is applicable to factory and office buildings - assessee had...

  13. MAT - computation of income u/s 115JB - unabsorbed depreciation and book loss furnished by the assessee for computation of Book Profit u/s 115JB - adjudicating...

  14. Disallowance of interest and financial expenses was not justified as the appellant paid interest and financial expenses to State Bank of India, Overseas Branch,...

  15. Refund of CGST & SGST wrongly paid - Interpretation of the term “subsequently held” - the term “subsequently held” in section 77 of CGST Act, 2017 or under section 19 of...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Airspace Overflight Fees Trigger GST Reverse Charge for Airlines Under...
F: GST Complexities Arise When Registered Supplier in One State Rents Pro...
F: Credit Note Dispute: Distributor Challenges GST Calculation on Discoun...
H: New ITR-2 Form for AY 2025-26 Introduced with Amendments to Income-tax...
H: Pakistani and Indian Nationals Allowed Limited Cross-Border Movement a...
H: Streamlined Electronic Clearance for Gems, Jewellery, Samples, and Pro...
H: Government Blocks All Trade with Pakistan, Enforcing Comprehensive Imp...
H: Tax Relief Roadmap: Section 128A Clarifies Eligibility and Compliance ...
C: Trade Regulations Update: DGFT Revises Standard Input Output Norms (SI...
C: Revised SCOMET Export Guidelines Enhance Strategic Trade Control Mecha...
T: Clause 206 Unifies MAT and AMT Calculation, Standardizing Tax Computat...
T: Comprehensive Tax Reform: Minimum Alternate Tax Expands Coverage and C...
C: SEBI Mandates KRAs to Publish Investor Charter Detailing Services, Rig...
T: Foreign Companies Navigating New Tax Residency Rules Face Comprehensiv...
T: Tax-Free Bank Branch Conversion Allows Seamless Restructuring with Pre...
F: Tax Deduction Dilemma: Unissued Vendor Invoices Require Careful Docume...
F: Taxpayers Can Fix TDS Return Errors Through Section 154 Rectification ...
T: NRIs Gain Flexible Tax Planning with Option to Choose Between Special ...
T: Tax Benefits for NRIs Shifting Residency: Navigating Asset Taxation Un...
A: LLPs Must File Annual Returns via Form 11 and Form 8 by 30th May and 3...
A: Empowering Unorganized Workers: Digital Platform Bridges Social Securi...
A: Company Registration Under Companies Act 2013: Key Eligibility, Proced...
A: Foreign Companies Must Navigate Complex Registration Process Under 201...
A: Turning Plastic Waste into Sustainable Building Blocks: Innovative Eco...
A: Innovative Road Construction Technique Transforms Plastic Waste into S...
A: Green Supply Chain Strategies Cut Logistics Costs and Carbon Emissions...
A: India's Hand and Power Tools Sector Set to Expand Export Market from $...
A: Fire Safety Laws in India Mandate Comprehensive Prevention Measures Ac...
A: Urban Green Belts Under Siege: Protecting Ecological Zones from Unauth...
A: Street Food Safety Revolution: FSSAI Mandates Vendor Registration, Hyg...