Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Disallowance of depreciation on new Honda City car - The Tribunal observed that the appellant had purchased the vehicle and got it insured on 30.09.2009, which was treated as being "put to use." It emphasized that the degree of utilization of assets should not be considered while determining whether the asset is put to use. The Tribunal referred to relevant CBDT notifications and concluded that the appellant was entitled to claim depreciation on the vehicle.
Disallowance of depreciation on new Honda City car - The Tribunal observed that the appellant had purchased the vehicle and got it insured on 30.09.2009, which was treated as being "put to use." It emphasized that the degree of utilization of assets should not be considered while determining whether the asset is put to use. The Tribunal referred to relevant CBDT notifications and concluded that the appellant was entitled to claim depreciation on the vehicle.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
