Depreciation on Split-Up Assets Allowed PF/ESI Disallowance- Due Date Counts From Salary Payment Month

DCIT Vs UJVN Limited (ITAT Dehradun) Both appeals—one by Revenue for AY 2017-18 & the other by Assessee for AY 2024-25—arise from orders of CIT(A) dated 28.05.2025. For AY 2017-18, the sole issue was Revenue’s challenge to depreciation allowed on assets received by UJVN Ltd. on split-up from UP Jal Vidyut Nigam Ltd. Revenue itself admitted that the earlier order of Tribunal (allowing depreciation in AY 2014-15) stands challenged before Uttarakhand High Court & not attained finality. Tribunal noted that in AYs 2018-19, 2021-22 & 2022-23 also it had consistently allowed depreci...