Depreciation allowance - Assets leased by assessee
Last updated: 22 August 2007
Court :
ACIT
Brief :
Depreciation allowance - Assets leased by assessee
The assessee had purchased certain steel rollers from 'A' and leased them out to 'B'.On facts it was found by the CIT(A) and the Tribunal that purchase of rollers from 'A' and lease of these to 'B' was genuine. The assessee was entitled to 100 percent depreciation on these rollers.
Business expenditure - Licence fee for use of software
The licence fee paid for use of computer software was business expenditure
Citation :
ACIT vs Jasper Investments Ltd.
109 TTJ 530
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 1999/-
Offer Price : INR 999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CA Nikita
Published in Income Tax
Views : 48
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
