Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Claim of depreciation on the cages to carry birds produced in ...

Income Tax

August 18, 2015

Claim of depreciation on the cages to carry birds produced in the hatchery - where two views of a particular aspect are possible, for an Income-tax Officer, and he has chosen one, the Commissioner cannot reopen the matter on the ground that another view is possible. - HC

View Source

 


 

You may also like:

  1. Where two views are possible on an issue, the view in favour of the assessee has to be preferred - AT

  2. If two views are possible & AO accepted one view – CIT can not revise the order u/s 263 – HC

  3. Waiver of pre-deposit - Classification of goods - whether the imported goods are goods imported are “Non Alloy Steel“ - two views are possible - stay granted - AT

  4. The process of denaturing in the tanker / manufacture of denatured alcohol - This is a case where two views are possible - AT

  5. Carry forward of investment allowance - unabsorbed depreciation of Amalgamating Company - Section 72A - Claim allowed - HC

  6. When the assessee acted under bonafide belief on a particular aspect and there were difference of opinion in the department on such aspect, the extended period of...

  7. Depreciation on the closed units for last 8 years - although the production is suspended but the other activities of the units are being carried out - claim of...

  8. Revision u/s 263 - carry forward of losses on sale of shares - where there are two possible views and the Assessing Officer has taken one of the possible views, no...

  9. Depreciation @ 40% or 100% - transport vehicle as consisting of two parts, viz., cylinder and vehicle - entitled to claim depreciation at 100 per cent .... - HC

  10. B/F losses not allowed to be carry forward - There is, in our opinion, no practical efficacy in the assessee carrying forward business losses, unabsorbed depreciation,...

 

Quick Updates:Latest Updates