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2017 (9) TMI 34 - ITAT MUMBAIRevision u/s 263 - declining the claim and set off of additional depreciation in next year - machinery was installed and worked for less than 180 days - assessee has claimed 50% of additional depreciation in A.Y.2011-12 and carry forward balance 50% in next year - Held that:- The eligibility to carry forward and set off 50% of the additional depreciation to the subsequent year on the plea of machinery having been worked for less than six months has been decided by Madras High Court in case of T.P.Textiles Pvt. Ltd. [2017 (3) TMI 739 - MADRAS HIGH COURT ] stating upon a plain reading of the unamended provision, it could not be said that the Assessee could not claim balance depreciation in the A.Y., which follows the A.Y., in which, the machinery had been bought and used for less than 180 days. we do not find any merit in the action of CIT for declining the claim of additional depreciation to be carried forward. - Decided in favour of assessee.
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