Depreciation on block of assets @60% - AO held that the media ...

High Court upholds Tribunal's decision: Media resource boards not classified as plant and machinery, 15% depreciation rate inapplicable.

January 25, 2021

Case Laws Income Tax HC

Depreciation on block of assets @60% - AO held that the media resource board is plant and machinery but is not a computer by holding it to be a telecom equipment and allowed depreciation at 15% as applicable to plant and machinery - Tribunal has rightly held that media resource boards cannot be treated as plant and machinery. The aforesaid finding cannot be termed as perverse. - HC

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Depreciation on block of assets @60% - AO held that the media ...

High Court upholds Tribunal's decision: Media resource boards not classified as plant and machinery, 15% depreciation rate inapplicable.

January 25, 2021

Case Laws Income Tax HC

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