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2017 (10) TMI 531 - AT - Income TaxEligibility for claim of depreciation - AO clearly mentioned that the activity of the assessee is re-drying and threshing tobacco for trading purpose. The raw material and the end product are tobacco only - Held that:- We find that the facts of this case are similar to the case already been considered by the coordinate bench of the tribunal and therefore by following the decision of the coordinate bench of the tribunal in the case of Maddi Lakshmaiah & Co. Ltd. (2017 (10) TMI 476 - ITAT VISAKHAPATNAM) and also in the case of Premier Tobacco Packers Pvt. Ltd. (2006 (2) TMI 101 - MADRAS High Court), we hold that assessee is eligible for additional depreciation as per the provisions of section 32(iia) of the Act, accordingly we direct the Assessing Officer to allow additional depreciation claimed by the assessee. - Decided against revenue.
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