https://www.taxtmi.com/caselaws?id=407373 The Tribunal addressed the disallowance of depreciation on Intangible assets for the assessment years 2010-11 and 2014-15. The decisions disallowing depreciation were set aside, and the matters were remitted to the Assessing Officer for reconsideration. The Tribunal emphasized the importance of following specific directions from previous Tribunal orders regarding asset valuation. Both appeals were partially allowed for statistical purposes, with the Tribunal highlighting the need for the assessee to be given a hearing in the fresh proceedings before the AO. en-us Mon, 03 May 2021 00:00:00 +0530 Sat, 08 May 2021 08:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407373 The Tribunal addressed the disallowance of depreciation on Intangible assets for the assessment years 2010-11 and 2014-15. The decisions disallowing depreciation were set aside, and the matters were remitted to the Assessing Officer for reconsideration. The Tribunal emphasized the importance of following specific directions from previous Tribunal orders regarding asset valuation. Both appeals were partially allowed for statistical purposes, with the Tribunal highlighting the need for the assessee to be given a hearing in the fresh proceedings before the AO. Case-Laws Income Tax Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407373