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2015 (7) TMI 107 - AT - Income TaxEntitlement for claiming higher depreciation - Held that:- Consedering the decision in the case of CIT v. Hi Tech Arai Ltd. [2009 (9) TMI 60 - MADRAS HIGH COURT] directed the Assessing Officer to allow additional depreciation as claimed by the assessee. The ld. CIT(Appeals), by following the decision of the Hon’ble Jurisdictional High Court supra, directed the Assessing Officer to allow higher depreciation. No material has been brought on record to show that the above decision of the Hon’ble Jurisdictional High Court has been either modified or reversed by the Hon’ble Supreme Court. Therefore, we find no infirmity in the order passed by the ld. CIT(Appeals) on this issue for both the assessment years. - Decided against revenue.
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