TMI Blog2018 (7) TMI 1869X X X X Extracts X X X X X X X X Extracts X X X X ..... nal has been set aside, Revenue would raise all pleas and contentions when the appeals are taken up for hearing. It will be open to the Revenue to rely upon judgments and ratios which they feel are in their favour. Counsel for the assessee states that he would have no objection but would contest the contention of the Revenue on merits. Entitlement to depreciation under Section 32 - balance writ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... v. For The Appellant. ORDER These cross appeals by the Sony India Private Limited and the Revenue relate to the assessment years 2007-08 and 2008-09 and arise from the order of the Tribunal dated 07.06.2013. 2. The first question raised in the appeals preferred by the assessee, it is conceded, relates to advertisement, marketing and sale promotion expenditure, and reads:- Whether ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... like to rely upon. It is open for assessee to rely upon the said ratios. Equally, Revenue will be entitled to defend their stand. 6. Counsel for the Revenue submits as the order of the Tribunal has been set aside, Revenue would raise all pleas and contentions when the appeals are taken up for hearing. It will be open to the Revenue to rely upon judgments and ratios which they feel are in their ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ltd. v. CIT. In terms and following the said decision, question of law is answered in favour of the assessee and against the Revenue. 9. Question raised in ITA Nos. 148 and 149 of 2014 filed by the Revenue relates to correct rate of depreciation on UPS, Printers and Switches. Question reads:- Whether the ITAT was correct in allowing the depreciation at the rate of 60% on UPS, printers and s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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