Depreciation @15% is allowable on Robotix kits and not @60%

Advertisement Robotix Learning Solutions P. Ltd Vs ITO (ITAT Chennai) ITAT Chennai held that as computer and robotix kit is totally different, depreciation @15% and not @60% available on Robotix kits. Facts- Assessee claimed depreciation on Robotix kits @60%. However, the same was reduced to 15% by the Assessing Officer citing ITAT order dated 12.09.2018 in assessee’s own case. On appeal, CIT(A) confirmed the disallowance made by the Assessing Officer. Accordingly, being aggrieved, the present appeal is filed. Conclusion- In identical matter, Coordinate Bench of Tribunal held that the com...