Tag: Depreciation

Rupee depreciation: RBI encourages further intervention in rupee fight

[ad_1] India’s central bank appears to have intensified intervention in the futures market to slow Rupeedecline and preserve your hard-earned reserves. According to estimates by DBS Bank Ltd Standard Chartered Plc, the Reserve Bank of India has reduced its forward-dollar book from $12 billion to $15 billion at the end of April by about $64 […]

ITAT Delhi: Depreciation is not admissible on non-compete charges

[ad_1] Court facts and issues This is an appeal made by the assessee against the order dated 23.07.2018 of learned Commissioner of Income Tax (Appeals)-8, New Delhi for the assessment year 2014-15. When the appeal was called for hearing, there was no one present on behalf of the assessee to represent the case. Keeping in […]

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