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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Eligibility of depreciation claim - depreciation which the ...

Income Tax

August 8, 2015

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

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  3. Claim of depreciation in respect of assets allegedly leased - financing transactions - assessee purchased assets and leased back to the same company claiming 100% depreciation - HC

  4. Assessee had claimed depreciation on carats @ 100%, however, AO allowed @ 50% - Depreciation on carats as claimed by the assessee is allowed - AT

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  8. Penalty under section 271(1)(c) - disallowance of depreciation - he explanation given by the assessee for the claim of depreciation is neither bona fide nor...

  9. Depreciation u/s 32 - for claiming higher rate of depreciation, there is no requirement under the Act of usage of the assets by the assessee himself - HC

  10. Depreciation on boiler - CIT (A) has not committed any error in allowing depreciation at the correct rate even though the assessee had claimed depreciation at a lesser...

 

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