2016 (2) TMI 922

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..... or deciding as per the order of the Tribunal in assessee’s own case in the preceding year. However, there is no order of the Tribunal in assessee’s own case, therefore, it amounts to mistake apparent from record. The Tribunal in its order has quoted various decisions of the Hon’ble High Courts and Tribunal, wherein depreciation was allowed in case of intangible assets. Accordingly, we rectify the .....

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..... ): These miscellaneous applications are filed by the assessee to rectify an apparent mistake in the order of Tribunal dated 10-7-2015. 2. It was contended by ld. AR that the Tribunal in its order dated 10-7-2015 has remanded the matter back to the file of AO with regard to assessee s claim of depreciation on management rights after observing that in assessee s own case exactly similar issue .....

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..... m record. The Tribunal in its order dated 10-7-2015 at para 9 has quoted various decisions of the Hon ble High Courts and Tribunal, wherein depreciation was allowed in case of intangible assets. Accordingly, we rectify the order dated 10-7-2015 to the extent of observation made in para 10 of the order and direct the AO to allow assessee s claim of depreciation following the decisions of Hon ble Hi .....

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