2021 (8) TMI 1371

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....Y, J.M: This appeal by the Revenue is directed against the order of Commissioner of Income Tax (Appeals)-52, Mumbai [hereinafter referred to as the 'CIT(A)'] dated 14.06.2019 for the Assessment Year (AY) 2012-13. 2. The solitary issue raised in the present appeal is against the assessee's claim for depreciation at the rate of 60% on Plant & Machinery. The assessee has claimed depreciation to th....

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....depreciation in full. 4. Submissions made by ld. DR heard, orders of the authorities below examined. The assessee has claimed depreciation at the rate of 60% on computer based equipment, which was restricted to 15% by the AO. In First Appellate proceedings, the CIT(A) has allowed the claim of assessee in full after following the order of First Appellate Authority for AY 2011-12. It is further obs....