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2019 (5) TMI 1369 - AT - Income TaxDisallowance of depreciation - assets purchased in slump sales - as per AO transaction was materialized during the accounting period relevant to the Asstt.Year 2013-14 - HELD THAT:- Since in the case of vendor it has been held that wind energy division was sold in the Asstt.Year 2012-13, therefore, it is to be construed that the assessee has acquired this asset in this year and entitle for depreciation. Following the order of the Tribunal in the case GFL [2018 (8) TMI 857 - ITAT AHMEDABAD] , we allow the claim of the assessee, and direct the AO to grant depreciation to the assessee in this year. - Decided in favour of assessee.
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