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2015 (1) TMI 1280 - AT - Income TaxAdditional depreciation u/s 32 on ready mix concrete” (RMC) - Held that:- Assessee’s appeal are restored to the file of AO for the limited purpose of examination and verification of the following factual issues:- i) Whether RMC manufactured by the assessee during relevant periods was consumed in house or sold to outside third parties? ii) Whether the assessee is entitled for additional depreciation on the machinery/equipment used for the said activities/purpose of manufacturing of the RMC which was sold to outside third parties in the light of decision of Hon’ble Apex Court in the case of N.C. Buddhiraja (1993 (9) TMI 6 - SUPREME Court )? The Assessing Officer is directed to allow additional depreciation as per outcome of aforementioned factual issues
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