https://www.taxtmi.com/caselaws?id=383093 The Tribunal upheld the Assessing Officer's decision to grant depreciation on Set Top Boxes (STBs) at a rate of 15%, aligning with TRAI regulations, rejecting the CIT(A)'s allowance of 80% depreciation. The Tribunal dismissed the assessee's cross-objection to treat the expenditure on STBs as revenue expenditure, affirming that it was capital in nature. The appeal by the Revenue was allowed, confirming the depreciation rate of 15% and denying the claim for revenue expenditure treatment. The decision was pronounced on April 30, 2019. en-us Tue, 30 Apr 2019 00:00:00 +0530 Tue, 16 Jul 2019 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383093 The Tribunal upheld the Assessing Officer's decision to grant depreciation on Set Top Boxes (STBs) at a rate of 15%, aligning with TRAI regulations, rejecting the CIT(A)'s allowance of 80% depreciation. The Tribunal dismissed the assessee's cross-objection to treat the expenditure on STBs as revenue expenditure, affirming that it was capital in nature. The appeal by the Revenue was allowed, confirming the depreciation rate of 15% and denying the claim for revenue expenditure treatment. The decision was pronounced on April 30, 2019. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383093