Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (4) TMI 1270 - AT - Income TaxDisallowance of additional depreciation - asset put to use - CIT-A confirming the action AO in holding that the appellant company was not entitled to additional depreciation @ 10% on the plant and machinery which were installed last year i.e. asst. year 2008-09, as in the last year additional depreciation @ 10% was only claimed because these machineries were installed after 30-9-2007, thereby used for less than 180 days - HELD THAT:- Respectfully following the order of Tribunal in assessee’s own case we decide the appeal in favour of the assessee. Accordingly, the disallowance of additional depreciation is deleted.
|