https://www.taxtmi.com/caselaws?id=775439 ITAT Delhi allowed depreciation on POS machines at 60% based on Delhi HC precedent, overturning AO's 25% rate. Depreciation on SAP license was upheld at 40%, consistent with prior judicial decisions. The tribunal also allowed bad debt deduction for unrecoverable subsidy amounts, rejecting AO's disallowance. It held that since the subsidy was credited as income under mercantile system, the unrecoverable portion qualifies as bad debt under section 36(2). All grounds raised by the assessee were allowed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775439 ITAT Delhi allowed depreciation on POS machines at 60% based on Delhi HC precedent, overturning AO's 25% rate. Depreciation on SAP license was upheld at 40%, consistent with prior judicial decisions. The tribunal also allowed bad debt deduction for unrecoverable subsidy amounts, rejecting AO's disallowance. It held that since the subsidy was credited as income under mercantile system, the unrecoverable portion qualifies as bad debt under section 36(2). All grounds raised by the assessee were allowed. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775439