TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>ITAT allows appeal, reinstates depreciation on truck under hire purchase agreement</h1> <h3>VINOD KUMAR MALHOTRA. Versus INCOME TAX OFFICER.</h3> VINOD KUMAR MALHOTRA. Versus INCOME TAX OFFICER. - TTJ 015, 170, The appeal was filed by the assessee against the AAC's decision to withdraw depreciation on a truck held under a hire purchase agreement. The assessee cited a CBDT circular allowing depreciation in such cases. The Tribunal referred to a Gujarat High Court case stating that CBDT circulars should be followed, even if they deviate from legal positions. The Tribunal set aside the AAC's order and restored the ITO's order, allowing the appeal. (Case: Appellate Tribunal ITAT JABALPUR, Citation: 1982 (2) TMI 141 - ITAT JABALPUR)
TaxTMI 