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Depreciation on assets acquired out of foreign currency loans
Case Law Details
- Case Name
- DDIT (Int'l Taxation) Vs. Staubil A. G. India Branch Office (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2001- 2002
- Courts
- ITAT Mumbai
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DECIDED BY: ITAT, MUMBAI BENCH `L’, MUMBAI, IN THE CASE OF: DDIT (Int’l Taxation) Vs. Staubil A. G. India Branch Office, APPEAL NO: ITA No. 3703 /Mum/2005, DECIDED ON April 5, 2010
ORDER
Per D.K. AGARWAL (JM).
These two appeals preferred by the revenue are directed against the separate orders dated 31.1.2005 and 11.7.2006 passed by ld. CIT(A) for the Assessment Years 2001-02 and 2003-04 respectively. Since facts are identical and issues involved are common, both these appeals are disposed of by this common order for the sake of convenience.
2. Briefly stated the fa...
