Eligibility of higher rate depreciation on truck chassis fixed ...

Income Tax

May 3, 2019

Eligibility of higher rate depreciation on truck chassis fixed with transit mixture - vehicle used for hire - no evidence that assessee has earned any receipt towards hire of vehicle in the so-called composite contract - no higher depreciation, however transit mixer is eligible for additional depreciation as it is nothing but a plant and machinery used for manufacture/production

View Source

← Previous Next →

Eligibility of higher rate depreciation on truck chassis fixed ...

Income Tax

May 3, 2019

You may also like:

Depreciation on truck - claim of depreciation on chassis and tanker mounting on chaises separately - claim allowed - HC

Claim of higher rate of depreciation - Mobile crane was registered as a heavy motor vehicle - depreciation at 40% on crane mounted on motor truck allowed u/s 32 - AT

Higher rate of depreciation on trucks – the Tribunal was, thus, not justified in holding that the assessing officer had erroneously exercised jurisdiction under Section 154 - HC

Eligibility for depreciation in respect of the intangible asset by way of trademark allowed - AT

Nature of activity - Job work - manufacturing or services - body building activity on the chassis provided by the principal - the body building and mounting of body on...

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

Depreciation - nature of Industrial Investment Promotion Assistance - subsidy receipt should not be reduced from the actual cost of fixed assets for computing...

CENVAT Credit - Volvo chassis - chassis used for operation and maintenance of fuel farm - appellant is not entitled to avail CENVAT credit of the central excise duty...

Depreciation on leased assets - section 32 - Section 2(13) and Section 2(24) the income derived from leasing of the trucks would be business income - depreciaion allowed - HC

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...

Quick Updates: