https://www.taxtmi.com/caselaws?id=184338 The Tribunal allowed the appeal of the assessee, directing the allowance of depreciation claimed on pre-operative expenses and SEBI registration fee for the assessment year 2004-05. The Tribunal held that since depreciation had been allowed in the previous year, the AO could not change the stance for the current year, emphasizing that depreciation should be allowed on the written down value of the block of assets. Therefore, the assessee's claim for depreciation on these expenses was upheld, without delving into their classification as intangible assets. en-us Wed, 15 Jun 2011 00:00:00 +0530 Wed, 06 Jul 2016 11:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184338 The Tribunal allowed the appeal of the assessee, directing the allowance of depreciation claimed on pre-operative expenses and SEBI registration fee for the assessment year 2004-05. The Tribunal held that since depreciation had been allowed in the previous year, the AO could not change the stance for the current year, emphasizing that depreciation should be allowed on the written down value of the block of assets. Therefore, the assessee's claim for depreciation on these expenses was upheld, without delving into their classification as intangible assets. Case-Laws Income Tax Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184338