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ITAT Directs AO to Verify & Allow Assessee’s Depreciation Claim on Assets from Demerged Company
Case Law Details
- Case Name
- DCIT Vs Avichal Buildcon Pvt. Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Avichal Buildcon Pvt. Ltd. (ITAT Delhi)
In a recent ruling by the Income Tax Appellate Tribunal (ITAT) Delhi, a crucial issue regarding the allowance of depreciation on assets acquired through a demerger was addressed. The case, involving Avichal Buildcon Pvt. Ltd., shed light on the complex interplay between demerger transactions, depreciation claims, and government incentives. This article provides a detailed analysis of the case, emphasizing its implications and significance in tax law jurisprudence.
Background: Avichal Buildcon Pvt. Ltd. emerged as a corporate enti...





