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To claim terminal depreciation asset must be used for purpose of business or profession
Case Law Details
- Case Name
- Deputy Commissioner of Income-tax Vs Rajeswari Foundations Ltd. (ITAT Chenai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006-07 & 2007-08
- Courts
- ITAT Chennai
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IN THE ITAT CHENNAI BENCH ‘B’
Deputy Commissioner of Income-tax, Company Circle-V(3)
V/s.
Rajeswari Foundations Ltd.
IT APPEAL NOS. 444 & 445 (MDS.) OF 2011
[ASSESSMENT YEARS 2006-07 & 2007-08]
MARCH 16, 2012
ORDER
George Mathan, Judicial Member
ITA No. 444/Mds./11 is appeal filed by the Revenue against the order of Commissioner of Income Tax(A)-V, Chennai in appeal No. 119/08-09 dated 30.11.10. ITA No. 445/Mds./11 is appeal filed by the Revenue against the order of Commissioner of Income Tax(A)-V, in appeal No. 406/09-10 dated 30.11.10. Shri M.N. Naik, Ld....
