TAX UPDATES: Depreciation would be allowed as long as the asset is kept ready . CIT v. Refrigeration & Allied Industries Ltd 247 ITR 12 (Del), Capital Bus Service Pvt. Ltd. v. CIT (Del)123 ITR 404 and Assistant Commissioner of Income Tax v. Ashima Syntex Ltd. 251 ITR 133 (Guj).

Saturday 12 December 2015

Depreciation would be allowed as long as the asset is kept ready . CIT v. Refrigeration & Allied Industries Ltd 247 ITR 12 (Del), Capital Bus Service Pvt. Ltd. v. CIT (Del)123 ITR 404 and Assistant Commissioner of Income Tax v. Ashima Syntex Ltd. 251 ITR 133 (Guj).

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