https://www.taxtmi.com/caselaws?id=251969 For AY 2003-04, HC affirmed allowance of depreciation under s.32(1)(ii) on pre-operative and SEBI registration fees as intangible assets. The court held the AO could not reopen or examine the opening written-down value of the block of assets carried from earlier years where prior assessment under s.143(3) stood and no proceedings had been initiated to disturb it. Because the department had allowed depreciation as claimed, the challenge by revenue was dismissed. en-us Wed, 18 Jun 2014 00:00:00 +0530 Sat, 27 Sep 2025 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251969 For AY 2003-04, HC affirmed allowance of depreciation under s.32(1)(ii) on pre-operative and SEBI registration fees as intangible assets. The court held the AO could not reopen or examine the opening written-down value of the block of assets carried from earlier years where prior assessment under s.143(3) stood and no proceedings had been initiated to disturb it. Because the department had allowed depreciation as claimed, the challenge by revenue was dismissed. Case-Laws Income Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251969