2021 (1) TMI 772

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....essee is in appeal before the Tribunal against order of the ld.CIT(A)-5, Vadodara dated 29.1.2020 passed for the Asstt.Year 2013-14. 2. Sole grievance of the assessee is that the ld.CIT(A) has erred in confirming the allowance depreciation at the rate of 15% as against 60% claimed by the assessee on xerox machine WV-5745. 3. Brief facts of the case are that the assessee has filed her return ....

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....r 7,428 1,857 5,571 Oce' plptwave 3,78,000 94,500 2,83,500 Xerox mahines 3,92,030 98,007 2,94,023 Xerox WV_5745 1,89,000 47,250 1,41,750 Total 7,40,297 4. In this way, the ld.AO has disallowed a sum of Rs. 7,40,297/-. However, on appeal, the ld.CIT(A) confirmed the disallowance on Xerox machine WV-5745 i.e. last item in the table. The assess....

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....O, ITA No.811 & 376/Ahd/2017. In this case also, the assessee has given nomenclature of its printer as copier. The Tribunal allowed depreciation at the rate of 60% by observing that nomenclature of the machinery in the books cannot be a decisive factor, rather it is the nature of the asset which is to be determined, and thereafter rate of depreciation be decided. On the other hand, the ld.DR relie....