2019 (7) TMI 1976

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....nt : Shri Satish Chandra Rajore, DR. ORDER PER MAHAVIR SINGH, JM: By way of this Misc. Application, the assessee has sought to rectify the mistake apparent on record in the order of Tribunal dated 20.03.2017 passed in ITA No. 6035/Mum/2009 for the A.Y 2003-04. 2. The learned Counsel for the assessee drew our attention to the following ground No. 3: - i) the CIT(A) erred in uph....

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....ibles were eligible for depreciation at 25% as per I.T. Rules. (b) Even as per definition of "Acquired Assets" as per the purchase agreement and the annexure thereto, the Appellant had purchased also the know-how and intangibles from the Vendors in addition to goodwill and the Appellant should have allowed depreciation on the 2/3rd Value of the consideration taken by the Appellant or in a....

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....red as per Schedule I and interpretation clause of the Agreement. The appellant craves, leave to add, amend or alter the grounds of appeal at the time of hearing." 3. We have gone through the order of the Tribunal and noticed that this issue was not adjudicated. The learned Counsel for the assessee stated that he is only interested in recalling of the ground. 4. On this, the learned Sr. Depa....