Depreciation allowed in earlier year cannot be disallowed later alleging non-generation of revenue

DCIT Vs Rapipay Finvest P. Ltd (ITAT Delhi)

ITAT Delhi held that it is fact that depreciation on software/ machinery was claimed and duly allowed in F.Y. 2012-2013. However, due to uncertainty of business revenue could not be generated by using the software in F.Y. 2013-14. Accordingly, depreciation cannot be disallowed alleging non-generation of revenue.

Facts-

The Assessee company was incorporated on 06.01.2009 and carrying on the acti

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