I.T.AS. NOS. 3949/LB TO 3951/LB AND 4450 TO 4453/LB OF 2003, DECIDED ON 8TH DECEMBER, 2005. versus I.T.AS. NOS. 3949/LB TO 3951/LB AND 4450 TO 4453/LB OF 2003, DECIDED ON 8TH DECEMBER, 2005.
Third Class, R 5 (1) Depreciation Allowance The early depreciation machinery that was claimed to be depreciated was in use with Essex on lease rent basis The company became the owner of the aforesaid machinery upon lease. That the machinery was transferred in the name of Assisi. The company was entitled to early depreciation because it was the first year of the Assisi company's ownership, neither machinery nor plant was installed nor was the first use of machinery for the purposes of assistive machinery business. Early Depression Claims This year, when the appraisal officer correctly rejected the initial deportation claim filed on the issue of early deportation, the Appellate Tribunal dismissed it.
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