Case Law Details
Case Name : Commissioner of Income-Tax Vs S. Vijaya Kumar (Andhra Pradesh High Court)
Related Assessment Year :
Courts :
All High Courts Andhra Pradesh HC
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Brief of the case
Assesse claimed depreciation on centering and shuttering material at rate of 100% treating said items as ‘plant’. A.O. allowed assesse’s claim in respect of items having value of less than Rs. 5000. In respect of remaining items the A.O. allowed depreciation at rate of 331/3%. Commissioner (Appeals) as well as Tribunal allowed assesse’s claim.
High Court confirmed the Tribunal’s order and held that individual units of centering /shuttering material when used collectively , they constitute ‘plant ’even if said items cannot be used on stand alone basis .the High C...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Diligently prepared document shows intelligence and depth of the presenter,