ITAT Ahmedabad Judgments — April 2018

The Tribunal held that the impugned assets, being printers and part of the computer system, are entitled to depreciation at the higher rate of 60%. Following the Delhi High Court's decision, the AO was directed to allow depreciation at 60%.

The Tribunal found it appropriate to remit the matter back to the CIT(A) for fresh adjudication. The assessee is to be given a reasonable opportunity of hearing.

The Tribunal found that the CIT(A) order was passed without the benefit of the assessee's assistance. Therefore, the matter was remitted back to the CIT(A) for fresh adjudication after giving the assessee a reasonable opportunity of hearing.

The Tribunal held that the impugned assets, being printers and part of the computer system, are entitled to depreciation at the higher rate of 60%. Following the Delhi High Court's decision, the AO was directed to allow depreciation at 60%.