Assessee purchased robotix kits for business use which were operated by computers. Assessee claimed depreciation on kits at 60 per cent. Assessing Officer allowed at the rate of 15 % only. Tribunal affirmed the order of the Assessing Officer. Expenditure incurred in one year could not be claimed in any other year and depreciation was to be claimed in year under consideration only, impugned prior period depreciation could not be allowed. As regards travelling expenses considering Self made vouchers the Tribunal restricted the disallowance restricted to 10%. (AY. 2016-17)
Robotix Learning Solutions (P.) Ltd. v. ITO (2023) 201 ITD 179 (Chennai) (Trib.)
S. 32 : Depreciation-Robotix kits-Not computer-Entitle to deprecation at 15 percent only-Prior period expenses-Depreciation is not allowable-Travelling expenses-Self made vouchers-Disallowance is restricted to 10%. [S. 37(1)]