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2014 (10) TMI 794 - HC - Income TaxDepreciation plant and machinery used in trial production - Whether the Tribunal is right in disallowing the assessee's claim for depreciation allowance u/s 32 in respect of plant and machinery used in trial production during the year – Held that:- Following the decision in Assistant Commissioner of Income Tax v. Ashima Syntex Ltd. [2000 (8) TMI 22 - GUJARAT High Court] - plant and machinery was used till the end of the accounting year - Law does not require that there must be optimum production for granting the benefit - Law only requires that there must be use of plant and machinery for the purpose of business - The assessee was entitled to depreciation on the machinery – Decided in favour of assessee.
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