https://www.taxtmi.com/caselaws?id=269329 The High Court ruled in favor of the Assessee in a tax case involving eligibility for additional depreciation on machinery used for producing radio programs and depreciation on broadcasting rights for non-operational stations. The Court held that radio programs qualify as "articles or things," entitling the Assessee to additional depreciation. Additionally, the Assessee was allowed to claim depreciation on the license fee for non-operational stations as the assets were ready for use. The Court dismissed the Revenue's appeal, affirming both issues in favor of the Assessee. en-us Wed, 09 Dec 2015 00:00:00 +0530 Mon, 02 May 2016 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269329 The High Court ruled in favor of the Assessee in a tax case involving eligibility for additional depreciation on machinery used for producing radio programs and depreciation on broadcasting rights for non-operational stations. The Court held that radio programs qualify as "articles or things," entitling the Assessee to additional depreciation. Additionally, the Assessee was allowed to claim depreciation on the license fee for non-operational stations as the assets were ready for use. The Court dismissed the Revenue's appeal, affirming both issues in favor of the Assessee. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269329