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2013 (1) TMI 452 - HC - Income TaxDepreciation u/s 32 – Moulds and moulding tools – Higher rate of depreciation @ 40% - Held that:- For the purpose of considering the relief of depreciation @ 40%, in the interest of justice, the matter should be remitted back to the A.O. for the purpose of finding out whether recognition has been granted to the said unit as a separate unit. If the unit established is a separate unit, then, as held in the decision in Amco Batteries Limited (1989 (4) TMI 6 - KARNATAKA HIGH COURT), the assessee will be entitled to claim depreciation @ 40%. Remand back to AO
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