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2011 (9) TMI 205 - AT - Income TaxRevision u/s 263 - withdrawal of additional depreciation - Assessee claimed additional depreciation under section 32(1)(iia) in respect of new plant and machinery acquired and installed by the assessee - Increase in installed capacity - Held that:- assessee's increase in capacity cannot be examined with reference to operational activity of the units which are already been set up earlier by the assessee. The intention of the Legislature is only to examine the increase in capacity by an undertaking in which the additional machinery was installed on which additional depreciation was claimed. Since the MIDC Waluj, Aurangabad unit being an independent unit and has increased capacity of more than 10% said undertaking satisfied the conditions of section 32(1)(iia). - AO directed to allow dditional depreciation - decided in favor of assessee.
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