https://www.taxtmi.com/caselaws?id=390759 The Tribunal allowed the appeals for the assessment years 2011-12, 2012-13, and 2013-14, overturning the decisions of the AO and CIT(A) regarding the depreciation rate on office equipment. The Tribunal classified office equipment under Block III for a 15% depreciation rate, in line with Income Tax Rules and previous precedent. This decision was based on adherence to rules and previous judgments, specifically referencing a favorable order for the assessee in the assessment year 2010-11. en-us Fri, 06 Dec 2019 00:00:00 +0530 Fri, 10 Jan 2020 21:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390759 The Tribunal allowed the appeals for the assessment years 2011-12, 2012-13, and 2013-14, overturning the decisions of the AO and CIT(A) regarding the depreciation rate on office equipment. The Tribunal classified office equipment under Block III for a 15% depreciation rate, in line with Income Tax Rules and previous precedent. This decision was based on adherence to rules and previous judgments, specifically referencing a favorable order for the assessee in the assessment year 2010-11. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390759