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Wockhardt Hospital Ltd. Versus ADCIT-10 (1) , Mumbai

2016 (2) TMI 922 - ITAT MUMBAI

Rectification of apparent mistake in the order of Tribunal - claim of depreciation on management rights denied - Held that:- We have considered rival contentions and gone through the order of the Tribunal wherein the Tribunal has restored assessee’s .....

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rent 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 order dated 10-7-2015 to the extent of observ .....

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urt in the case of Smifs Securities Ltd.[2012 (8) TMI 713 - SUPREME COURT ] held that intangible assets in the form of goodwill is eligible for claim of depreciation. - Decided in favour of assessee. - Miscellaneous Application Nos.207 to 209/Mum/201 .....

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llaneous 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 .....

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and there is no order of Tribunal in assessee s own case, therefore, there is an apparent mistake in the observation made by the Tribunal in para 10 of its order. 3. On the other hand, ld. DR contended that there is no mistake in the order of the Tr .....

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f 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 dated 10-7-2015 at para 9 has quoted vari .....

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