https://www.taxtmi.com/caselaws?id=371546 The Tribunal dismissed the appeal filed by the assessee regarding the non-granting of depreciation on intangible assets. The Tribunal held that the revaluation of assets without actual cost does not entitle the assessee to claim depreciation. It relied on its earlier orders for different assessment years which consistently dismissed similar appeals by the assessee. Therefore, the Tribunal upheld the CIT(A)'s order and the Assessing Officer's disallowance of the depreciation claim on intangible assets. en-us Thu, 29 Nov 2018 00:00:00 +0530 Wed, 05 Dec 2018 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371546 The Tribunal dismissed the appeal filed by the assessee regarding the non-granting of depreciation on intangible assets. The Tribunal held that the revaluation of assets without actual cost does not entitle the assessee to claim depreciation. It relied on its earlier orders for different assessment years which consistently dismissed similar appeals by the assessee. Therefore, the Tribunal upheld the CIT(A)'s order and the Assessing Officer's disallowance of the depreciation claim on intangible assets. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371546