This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
High rate Depreciation Not allowed on vehicles used for Advertisement
Case Law Details
- Case Name
- Tapan Kumar Biswas Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Tapan Kumar Biswas Vs ITO (ITAT Kolkata)
The issue under consideration is whether the higher rate of depreciation can be granted to the vehicles used for the display of advertisement under the provisions of the Income Tax Act, 1961.
In the present case, the assessee is an individual who is engaged in the business of advertisement through the display of banner, hoardings and mobile van. He has filed an income tax return for the relevant year where he claimed the higher rate of depreciation, i.e., 40% for the vehicles used for the display of advertisement where normally 15% was ...
Author Info
