2021 (8) TMI 1371

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....dent : None. ORDER PER VIKAS AWASTHY, 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.....

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....succeeding AY the AO has allowed the claim of 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 Appel....