2019 (7) TMI 1976

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.... ORDER PER MAHAVIR SINGH, JM: By way of this Misc. Application, the assessee has sought to rectify the mistake apparent on record in the order of Tribunal dated 20.03.2017 passed in ITA No. 6035/Mum/2009 for the A.Y 2003-04. 2. The learned Counsel for the assessee drew our attention to the following ground No. 3: - i) the CIT(A) erred in upholding the disallowance of depreciation on the cost....

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.... (b) Even as per definition of "Acquired Assets" as per the purchase agreement and the annexure thereto, the Appellant had purchased also the know-how and intangibles from the Vendors in addition to goodwill and the Appellant should have allowed depreciation on the 2/3rd Value of the consideration taken by the Appellant or in any event such amount as determined by the Assessing Officer. (c) D....