#section 32
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645 articlesIncome Tax
Income Tax
Regularization fees for violation in construction form part of Construction & Depreciation allowable
Income Tax
Income Tax
Additional depreciation allowable qua industrial undertaking & not qua the whole business
Income Tax
Income Tax
Would the phrase “used for purpose of business” in respect of discarded machine include use of such asset in the earlier years for claim of depreciation under section 32?
Income Tax
Income Tax
Is the assessee entitled to depreciation on value of goodwill considering it as “other business or commercial rights of similar nature” within the meaning of an intangible asset?
Income Tax
Income Tax
Can EPABX and mobile phones be treated as computers to be entitled to higher depreciation at 60%?
Income Tax
Income Tax
Whether for the purpose of determining the applicability of section 47, the condition for wholly-owned subsidiary is to be seen on the last date of financial year and explanation 6 to section 43(1) is not applicable?
Income Tax
Income Tax
Assessee is entitled to depreciation on Wind Electric Generators from the date on which it was installed and commissioned
Income Tax
Income Tax
Goodwill is intangible asset u/s 32(1)(ii) and eligible for depreciation
Income Tax
Income Tax
EPABX & mobile phones are not computers for higher depreciation
Income Tax
Income Tax
Invocation of powers u/s 263 is legitimate on the ground of lack of compliance with the principle of consistency in allowing certain expenses as revenue expenditure
Income Tax
Income Tax
Licenses / Approvals are Intangible asset and eligible for depreciation
Income Tax
Income Tax
Unabsorbed depreciation of AYs 1997-98 to 2001-02 not eligible for relief granted by amended s. 32(2) in AY 2002-03- Special Bench Reverses S. 32 Depreciation Law
Income Tax
Income Tax
Mixing of ready mixed concrete is manufacturing activity and additional depreciation is allowable on machinery used for mixing
Goods and Services Tax
Goods and Services Tax
