Once the asset merges in block of assets is entitled to get depreciation till the block of asset equals to zero or company is closed
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
Fact of the case is depreciation on block of asset.
Citation :
ITO, Ward 2 (4), Room No.301, 3rd Floor, CR Building, IP Estate, New Delhi. (Appellant) Vs. Bhandari Engineers & Builders (P) Ltd., 91, Bhandari House, Nehru Place, New Delhi. PAN: AAACB1043K(Respondent)
Daily Limit Reached
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Judgements Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
CS Bijoy
Published in Income Tax
Views : 8132
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
