Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]

By Yogitha S. Yogesh - On January 27, 2023 8:00 pm - 2 mins read
Depreciation - Assets shared - Sister Concern - License Agreement - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section  32 of the Income Tax Act, 1961 cannot be claimed in respect of Assets shared with a sister concern under a license agreement. Radisson Hospitality Marketing, the assessee/ appellant is a company engaged in the business of providing sales…

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

Topics

taxscan-loader