Document Fragment View

Matching Fragments

1.6. The breakup of the depreciation denied by the Learned Assessing in respect of aforesaid fixed assets is as under: 
                 Sl.                                              Depreciation
                 No.            Description of Assets               claimed
                  1        Computer & Systems                       16,49,963
                  2        Software Tools                         2,05,57,908
                  3        Vehicles                                       57,067
                  4        Office Equipment                               36,928
                                                         Total    2,23,01,237
                           Less: Depreciation Allowed                     94,848
                                      Depreciation Disallowed     2,22,06,388

assessment order regarding disallowance of depreciation, the AO has disallowed depreciation on Computers and systems, software tools, vehicles and office equipment of Rs.2,22,06,388. The total depreciation claimed by the assessee is Rs.2,23,01,236, out of which the AO has allowed depreciation on purchase of two fixed assets viz., networking equipments, which are eligible for depreciation @ 60% of Rs.93,600 and Rs.64,480 which were purchased by the assessee on 26.8.2005 and 17.8.2005 and part of the computer s & systems of Rs.26,46,706 as evident from page 83 of PB. The CIT(A) has decided the issue only on the disallowance of depreciation on assets considered by the AO and therefore, there was no requirement of giving enhancement notice by the CIT(A) separately.