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2016 (6) TMI 926 - AT - Income TaxAdditional depreciation - plant and machinery acquired during the year which was utilized in the sales outlet of the assessee - Held that:- We find that installation of new plant and machinery in sales outlet/retail office would fall under clause (B) of proviso to section 32(1)(iia) of the Act. We are in complete agreement with the arguments advanced by the Ld. DR. Needless to mention that the assessee is entitled for the benefit of having its written down value increased due to additional depreciation getting disallowed. The Ld. AO is directed to rework the written down value accordingly and give benefit of increased depreciation in the subsequent years as a consequential impact - Decided partly in favour of assessee for statistical purposes. Enhanced depreciation rate of 80% on Genset - Held that:- We find that the issue in dispute is squarely covered by the decision of the Hon’ble Rajasthan High court in the case of Agarwal Transformers Pvt. Ltd [ 2002 (2) TMI 34 - RAJASTHAN High Court ] wherein it was held that electric generator clearly falls under renewal energy device and thereby eligible for enhanced rate of depreciation. - Decided in favour of assessee
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