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2014 (9) TMI 1120 - AT - Income TaxAdditional depreciation u/s 32(iia) - addition of plant & machinery made during 01.10.2007 to 31.02.2008 - held for less than 180 days - Held that:- Under section 32(1)(iia) of the Income Tax Act there is no embargo on the assessee to claim the balance additional depreciation in the subsequent year if in the first year the assessee was unable to claim 20% depreciation by virtue of proviso to section 32(1)(iia). Therefore, we direct the AO to allow the claim of depreciation of 10% in the year under consideration. ACIT vs. SIL Investment Ltd.(2012 (6) TMI 83 - ITAT DELHI) and DCIT vs. Cosmo Films Ltd. [2012 (9) TMI 281 - ITAT DELHI].- Decided in favor of assessee.
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