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2015 (11) TMI 750 - AT - Income TaxDisallowance of depreciation and additional depreciation on rough forged rolls - CIT(A) allowed the claim - Held that:- We reiterate that the Assessing Officer had invoked the impugned disallowance for the reason that the assessee had not be able to prove the necessary details of rolls in question being purchase followed by their installation in put to use condition before 31.03.2007. This resulted in disallowance of depreciation and additional depreciation in question. The CIT(A) discusses that relevant document of transportation, delivery and put to use condition before 31.03.2007 are already on record. The assessee has also filed a compilation of all these documents before us. The Revenue fails to controvert the same by taking us to any of the relevant material. We uphold the CIT(A)'s finding under challenge accordingly. - Decided in favour of assessee.
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