Depreciation of 15% allowable on Electrical Fittings installed at factory premises: ITAT [Read Order]

Depreciation - allowable - Electrical Fittings - installed - factory premises - ITAT - Assessing Officer - allowed of claim of higher depreciation - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that since the Assessing Officer (AO) himself has accepted the higher claim of 15% in Assessment Year 2014-15, thus allowed of claim of higher depreciation of 15 % on electrical fittings installed at factory premises. The assessee in this case is Super Alloy Castings P….

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader