https://www.taxtmi.com/caselaws?id=408981 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision that the assessee is entitled to claim depreciation on assets transferred during a demerger, as the assets were not acquired free of cost. The Tribunal emphasized that the assessee can depreciate the assets based on their written down value. The appeal of the Revenue was dismissed, with the decision announced on 31/05/2021. en-us Mon, 31 May 2021 00:00:00 +0530 Sat, 26 Jun 2021 06:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408981 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision that the assessee is entitled to claim depreciation on assets transferred during a demerger, as the assets were not acquired free of cost. The Tribunal emphasized that the assessee can depreciate the assets based on their written down value. The appeal of the Revenue was dismissed, with the decision announced on 31/05/2021. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408981