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Assessee entitled to depreciation @ 60% on the computer & computer peripherals
Case Law Details
- Case Name
- DCIT Vs. Easy Bills Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008- 09
- Courts
- All ITAT, ITAT Delhi
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The return of income in the present case was filed at a loss of Rs. 19,03,733/-. The only addition made to that loss is regarding depreciation claimed on computers which is granted by the Assessing Officer @15% as against the claim of the assessee of 60% and excess depreciation claimed by the assessee has been computed at Rs. 66,15,933/-. Learned CIT (A) has granted relief to the assessee by way of an ex parte order on the basis of decision of Hon’ble Delhi High Court in the case of CIT vs. BSES Rajdhani Power Ltd. vide order dated 31st August, 2010 in ITA No. 1266/2010.
On the other hand, t...
