2018 (9) TMI 2116

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....reciation claimed by the assessee on robotix kits. 3. Shri S. Sridhar, the Ld.counsel for the assessee, submitted that the assessee purchased robotix kits to the extent of Rs. 55,70,960/- during the year under consideration and claimed depreciation @ 60% which is applicable for computers. According to the Ld. counsel, robotix kits can be operated only with the computer, therefore, it was grouped under the head "computer". The Ld.counsel further submitted that robotix kits comprise assortment of parts and an instruction manual that presents numerous ideas for creating many models, etc. and these kits can be operated only with computers. Therefore, according to the Ld. counsel, they are grouped under the head computer and accessories, henc....

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.... next issue arises for consideration is addition of Rs. 14,48,466/-. 6. Shri S. Sridhar, the Ld.counsel for the assessee, submitted that the assessee claimed depreciation for three block of assets. For the first block of asset, the depreciation was claimed at 10%, for the second block, the depreciation was claimed at 15% and for the third block, the depreciation was claimed at 60%. According to the Ld. counsel, all the bills and vouchers were produced in respect of first and second blocks. In respect of third block, according to the Ld. counsel, the Assessing Officer found that the assessee has not submitted proper bills. Therefore, he disallowed Rs. 14,48,466/-. According to the Ld. counsel, the assessee is having proper bills and vouch....