Claim of depreciation allowed in initial year cannot be disturbed in subsequent years

Hindustan Coca-Cola Beverages Pvt. Ltd. Vs DCIT (ITAT Delhi)

ITAT Delhi held that if in the initial year of claim the depreciation, is allowed, the claim cannot be disturbed in the subsequent years.

Facts- The issue relates to disallowance of depreciation claimed on acquisition of distributors list it comes up that assessee had appointed M/s. S.R.Mineral Water Pvt. Ltd. as its distributor in Chennai which was earlier distributor of competing product from which it had built a large customer base in Che

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