AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]

AO disallows and Restricts Depreciation claimed on Opening WDV of Computer Software to 25% against 60%

By Aiswarya Krishnadas - On March 20, 2024 1:00 pm - 2 mins read

ITAT - ITAT Mumbai - Income Tax - Re adjudication - Piramal Enterprises - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication after the Assessing Officer ( AO ) disallowed Depreciation claimed on the Opening Written down Value ( WDV ) of Computer Software by the Piramal Enterprises. In the case at hand, it was contended that the Commissioner of Income Tax (…

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