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2018 (10) TMI 424 - AT - Income TaxDepreciation on certain items characterized as “computers” (viz. UPS, LAN/WAN equipment, catalyst switches, network equipments, etc.) - reduction from 60% to 15%, by treating the same as Plant and Machinery and thus, disallowing depreciation - Held that:- The equipment forms integral part of the computer systems and the assessee is entitled to the claim of depreciation at 60% by treating the peripherals as part of block of computers. Depreciation at 25% on Goodwill acquired from purchase of networks business disallowed - Held that:- The additional claims taken before us were already submitted before the Assessing Officer vide submissions dated 04.10.2012, therefore, we are inclined to admit the claims. We remand back this issue to the file of the Assessing Officer for adjudication. Needless to say, the assessee be given opportunity of hearing by following principles of natural justice. TPA - Comparable selection criteria - Held that:- Companies functinal dissimilar with that of assessee need to be deselected from final list.
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