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2013 (9) TMI 81 - ITAT CHENNAIDisallowance of depreciation - 100% depreciation claimed on thermopac machine - Held that:- The machinery which was purchased by the assessee in the course of expansion of new project was installed in the year 1996-97 relevant to the assessment year 1997-98. There is nothing on record to suggest that the assessee had put the machinery to use during the assessment year 1998-99. It appears that the assessee had claimed 100 percent depreciation as the project was completely abandoned later in the year 1999. Since the machinery was never put to use by the assessee no depreciation is allowable for the assessment year 1998-99 - Decided against assessee.
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