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Depreciation at 100% can be claimed on the LP gas cylinders fitted to the chassis of transport vehicles
Case Law Details
- Case Name
- Commissioner of Income Tax Vs. Anantha Gas Suppliers (Andhra Pradesh High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
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Commissioner of Income Tax Vs. Anantha Gas Suppliers
R.C. No. 238 of 1996 and R.C. No. 100 of 1996
Date of judgement- 28-04-2011
Decided by – Andhra Pradesh High Court (Larger Bench)
COMMON JUDGEMENT:
(Per Honourable Sri Justice R.Kantha Rao,J)
We have heard Sri V.R. Badri, the learned counsel representing Sri S.R. Ashok, learned counsel for the Revenue and Sri C.P. Ramaswamy, the learned for the assesses.
In fact R.C. No. 238 of1996 came up for consideration before two of us (Justice B Prakash Rao and Justice R Kantha Rao) in the Division Bench. The reference involved the followi...
The title of article is misleading i.e. DEPRECIATION AT 100% CAN NOT BE
CLAIMED……………. However judgement is otherwise which says that
100% depreciation can be claimed.