CIT Vs Hybrid Rice International Pvt. Ltd. (Delhi HC)

ITAT was correct in law in allowing depreciation to the assessee on the actual cost of the germplasm seeds and the actual cost incurred by the assessee much before becoming an assessee can still be treated as an actual cost to the assessee when depreciation has to be claimed.

IN THE HIGH COURT OF DELHI AT NEW DELHI

ITA No. 333/2008 & ITA No.338/2008

Reserved on : 11th August, 2009
Pronounced on: 9th October, 2009

Please become a Premium member. If you are already a Premium member, login here to access the full content.