https://www.taxtmi.com/caselaws?id=59670 The Tribunal dismissed the assessee's appeal, confirming that depreciation on the BSE membership card is not allowable for the assessment year 1998-99, as it is considered an intangible asset. The interest under sections 234A and 234B is to be recalculated based on the Tribunal's order. en-us Thu, 23 Mar 2006 00:00:00 +0530 Fri, 31 Dec 2010 13:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59670 The Tribunal dismissed the assessee's appeal, confirming that depreciation on the BSE membership card is not allowable for the assessment year 1998-99, as it is considered an intangible asset. The interest under sections 234A and 234B is to be recalculated based on the Tribunal's order. Case-Laws Income Tax Thu, 23 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59670