dmt IN THE HIGH COURT OF JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 824 OF 2011 ICICI Securities Ltd., Earstwhile ICICI Web Trade. Ltd., ..Appellant. Vs. Dy. Commissioner of Income Tax, Range 4 (1) Mumbai. .. Respondent. Mr. S.J. Mehta for the Appellant. Mr. Vimal Gupta for Respondent. CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ. DATE : 19TH APRIL, 2011. P.C. 1. Heard. Admit on the following question of law. a) Whether the Tribunal was right in law in denying depreciation to the Appellant on the BSE and NSE Stock Exchange Cards? 2. Counsel for the parties state that the aforesaid question is answered in favour of the assessee and against the revenue by the decision of the Apex Court in the case of Techno Shares and Stocks Ltd., vs. Commissioner of Income-Tax, (2010) 327 ITR 323 (SC). 4. Accordingly, the appeal is disposed of by answering the question in favour of the assessee and against the revenue. No order as to costs. ( A.A. SAYED, J. ) (J.P. DEVADHAR, J.)