https://www.taxtmi.com/caselaws?id=206030 The Tribunal upheld the CIT(A)'s decision, dismissing the department's appeal and the assessee's cross-objections. The reassessment proceedings were invalid as they were initiated beyond the permissible period without any failure on the part of the assessee to disclose material facts. The ITG networking equipment was correctly classified as computer hardware, eligible for depreciation at 60%. en-us Fri, 19 Nov 2010 00:00:00 +0530 Sat, 08 Oct 2011 00:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206030 The Tribunal upheld the CIT(A)'s decision, dismissing the department's appeal and the assessee's cross-objections. The reassessment proceedings were invalid as they were initiated beyond the permissible period without any failure on the part of the assessee to disclose material facts. The ITG networking equipment was correctly classified as computer hardware, eligible for depreciation at 60%. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206030