Depreciation claim could not be decided until decision regarding capitalization of expenses in assessment order

Plastic Omnium Auto Inergy Manufacturing India Private Limited Vs DCIT (ITAT Delhi) Conclusion: Issue regarding claim of depreciation could not be decided until dispute regarding capitalization of expenses in assessment order was decided. Therefore, the same was restored to the file of CIT(A) with the direction to pass a fresh order in accordance with law, after providing reasonable opportunity to the assessee, Held: Assessee under took international transactions with its Associated Enterprise (“AE”) namely Inergy Japan, relating to payment of development expenses amounting to Rs.1,98,00,0...