DCIT-1(1)(2), Mumbai M/S Hindusthan Field Services Pvt Ltd., Navi Mumbai

Last updated: 27 May 2021

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The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favour of M/s Hindusthan Field Services Pvt Ltd. regarding depreciation claims for mobile phones and tablets. The Tribunal upheld the Commissioner's decision to allow 60% depreciation on these devices, treating them as computers, rather than the 15% initially allowed by the Assessing Officer. This decision aligns with a previous ruling for the 2012-13 assessment year.

Court :
ITAT Mumbai

Brief :
Aforesaid appeal by revenue for Assessment year [AY in short] 2013-14 contest the order of Ld. Commissioner of Income Tax (Appeals)-2, Mumbai [in short CIT(A)] which has held that the assessee was entitled for depreciation of 60% on mobiles, tablets which were not used merely as communication equipment as against depreciation of 15% allowed by Ld. AO while framing assessment on 29/02/2016. The perusal of impugned order show that Ld. CIT(A) has followed the decision of Tribunal in AY 2012-13 while adjudicating the impugned issue.

Citation :
I.T.A. No.6784/Mum/2019

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