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Depreciation optional- Assessee can claim Depreciation partly in respect of certain block of assets & not in respect of other
Case Law Details
- Case Name
- DCIT Vs Sun Pharmaceuticals Ltd (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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Whether, the Appellate Tribunal is right in law and on facts in holding that depreciation not claimed for by the assessee, cannot be allowed as a deduction despite the introduction of the concept of block assets ?”
As far as this aspect is concerned, the finding of fact recorded by the CIT(Appeals) which reads as under:
“3. The contentions of the appellant and the reasons given by the Assessing Officer in allowing full depreciation are considered. The decision of CIT v. Mother India Refrigeration (P) Ltd. (Supreme Court) relied on by the assessing Officer is not applicable in the instant c...
Author Info
Is it allowed if we do not claim depreciation later after claiming it for initial 2-3 years?
In my view,it is well reasoned judgement covering Honble Apex Court judgement and the law.