Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
Higher depreciation for computer peripherals is supported where printers, scanners, modems and routers function as necessary accessories of a computer system, are included in the computer block, and consistent prior treatment is accepted. Production expenditure for TV news, serials and programmes is treated as revenue expenditure when it arises from regular business operations; possible repeat-telecast value alone does not establish an enduring capital benefit. A film software library is treated as an intangible business or commercial right eligible for depreciation at 25%, particularly where the same treatment was followed earlier. Depreciation on a proportionate non-compete fee allocated on demerger is sustained where the demerged entity received corresponding allowance and no contrary facts or decision exist.
Higher depreciation for computer peripherals is supported where printers, scanners, modems and routers function as necessary accessories of a computer system, are included in the computer block, and consistent prior treatment is accepted. Production expenditure for TV news, serials and programmes is treated as revenue expenditure when it arises from regular business operations; possible repeat-telecast value alone does not establish an enduring capital benefit. A film software library is treated as an intangible business or commercial right eligible for depreciation at 25%, particularly where the same treatment was followed earlier. Depreciation on a proportionate non-compete fee allocated on demerger is sustained where the demerged entity received corresponding allowance and no contrary facts or decision exist.
Note: It is a system-generated summary and is for quick reference only.
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