Supreme Court · 2010 INSC 596 · Decided 9 September 2010
M/S. Techno Shares & Stocks LTD. v. The Commissioner of Income Tax Iv
- Court
- Supreme Court of India
- Citation
- 2010 INSC 596 · [2010] 11 S.C.R. 437
- Case number
- CIVIL APPEAL No. 7780/2010
- Decided
- 9 September 2010
- Bench
- S.H. KAPADIA, K.S. RADHAKRISHNAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32(1)(ii)
Headnote
437 M/S. TECH NO SHARES & STOCKS LTD. v. THE COMMISSIONER OF INCOME TAX IV (Civil Appeal Nos. 7780-7781 of 2010) SEPTEMBER 9, 2010 [S.H. KAPADIA, CJI AND K.S. PANICKER RADHAKRISHNAN, J.] A 8 Income Tax Act, 1961 - 32(1)(ii) - Depreciation under - Whether permissible on the cost of a Stock Exchange Membership Card - Bombay Stock Exchange Rules - Rules 5 to 10 and 16 - Bombay stock exchange Bye- D Laws-Bye-law 400. The question which arose for consideration in the instant appeals was whether depreciation u/s. 32(1)(ii) of Income Tax Act, 1961 is allowable on the cost of a Stock E
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