ITAT confirms 10% as a Rate of Depreciation on furniture & fixtures against Microsoft Corporation’s claim of 15%

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, upheld the findings of the CIT(A) and confirmed 10% as the rate of depreciation on furniture and fixtures, instead of 15%. The assessee, M/s Microsoft Corporation (India) Pvt Ltd is a wholly-owned subsidiary of Microsoft Corporation, US. The assessee creates awareness of Microsoft products in India in […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3a3zvDs