https://www.taxtmi.com/caselaws?id=393576 The appeal challenged the Income-Tax Appellate Tribunal's order for the Assessment Year 2006-07, regarding the determination of depreciation on electronic meters/energy meters. The Tribunal directed the Assessing Officer to ascertain the extent of qualifying energy-saving devices for depreciation at 80%, emphasizing compliance with the remand order. Despite confirming entitlement to high depreciation, the Tribunal was criticized for not conclusively determining the percentage of qualifying meters and the status of bus bars. The Court instructed a remand to address these outstanding issues and ensure finality, focusing on the advanced features of the meters and the role of bus bars. en-us Fri, 13 Mar 2020 00:00:00 +0530 Wed, 18 Mar 2020 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393576 The appeal challenged the Income-Tax Appellate Tribunal's order for the Assessment Year 2006-07, regarding the determination of depreciation on electronic meters/energy meters. The Tribunal directed the Assessing Officer to ascertain the extent of qualifying energy-saving devices for depreciation at 80%, emphasizing compliance with the remand order. Despite confirming entitlement to high depreciation, the Tribunal was criticized for not conclusively determining the percentage of qualifying meters and the status of bus bars. The Court instructed a remand to address these outstanding issues and ensure finality, focusing on the advanced features of the meters and the role of bus bars. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393576