2015 (10) TMI 2858

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....adhika Gupta, Advocate. For the Respondent : Mr. Rajan Bhatia, Advocate. ORDER 1. This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ('Act') is directed against the impugned order dated 29th August 2014 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA Nos. 153 & 154/Del/2008 for the Assessment Year ('AY') 2003-04. 2. The Assessee purchased the business of m....

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....pugned order, rightly noted that since the maintenance portfolio was purchased by the Assessee as part of the purchase by way of 'slump-sale', it constituted the basic income earning apparatus and was therefore entitled to depreciation under Section 32 (1) (ii) of the Act. 5. The Court finds that the decision of this Court in Areva T & D India Limited v. Deputy Commissioner of Income Tax (212) 34....