Thursday, May 7, 2015

[aaykarbhavan] Rule 5 imposing condition of claiming WDV depreciation by due date u/s 139(1) by power generating unit is invalid



Rule 5 imposing condition of claiming WDV depreciation by due date u/s 139(1) by power generating unit is invalid

May 7, 2015[2015] 56 taxmann.com 416 (Panaji - Trib.)
IT : Since under section 32 these is no specific provision of exercising of option of claiming depreciation at percentage specified in second column of table in Appendix-I within a particular time, to said extent condition imposed under rule 5(1A) proviso (ii), is invalid
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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