Later-Year Depreciation Cannot Be Decided Until Base Year Cost Is Finalised: ITAT Bangalore

Tata Hitachi Construction Machinery Co. Pvt. Ltd. vs DCIT (ITAT Bangalore) When First Year Is Pending, Consequential Years Can’t Be Decided: ITAT Restores Brand Depreciation Dispute The Bangalore “C” Bench of the ITAT restored the issue of depreciation on Brand & Technology to the file of the CIT(A), holding that consequential depreciation claims for later years cannot be adjudicated when the very first year of claim remains undecided. The Assessee had acquired Brand & Technology valued at ₹77.82 crore in AY 2013-14 pursuant to acquisition of two overseas companies. The TPO tre...