Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (2) TMI 640 - AT - Income TaxAdditional depreciation - It was submitted by the assessee that the assessee has purchased hot air stenter machine which has increased its installed capacity by 10%, therefore entitled for higher depreciation. - Held that:- The Directors of the assessee Company are responsible for the affairs of the assessee Company and once they have admitted that the installed capacity of the current and previous year is not ascertainable, would show that installed capacity has not been enhanced. - addition made by the AO after disallowing additional depreciation confirmed - decided against the assessee.
|