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2015 (12) TMI 1737 - AT - Income TaxDisallowance of excessive depreciation in respect of assets purchased from Deltron Ltd. - Held that:- As decided in assessee's own case for the assessment years 2005-06 to 2007-08 and 2009-10 [2016 (1) TMI 163 - ITAT DELHI] Assessing Officer was not justified in invoking Explanation 3 to section 43(1) of the Act on the facts and circumstances of the case of the appellant company and therefore, appellant is entitled to claim of depreciation on the actual cost as incurred by the appellant on transfer of the electronic business on going concern basis from M/s. Deltron Ltd. to the appellant company
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