ITAT allows 100% depreciation on temporary Office structure

SDS Ramcides Crop Science Pvt. Ltd Vs DCIT (ITAT Chennai) Introduction: Dive into the intricacies of the dispute between SDS Ramcides Crop Science Pvt. Ltd and DCIT, as the Income Tax Appellate Tribunal (ITAT) Chennai addresses the controversy surrounding the disallowance of depreciation. The case revolves around the refurbishment of the assessee’s leasehold premises and the ensuing claim of 100% depreciation on specific temporary structures. Detailed Analysis: The article provides a detailed analysis of the facts presented by the counsel for the assessee, highlighting the key contention...