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2019 (10) TMI 145 - AT - Income TaxAdditional depreciation u/s 32 - CIT(A) dismissed the ground of appeal on the ground that some of the items like; payment for factory visit, payment for vehicle charges, payment for inspection are not relating to plant and machinery, and therefore, could be considered for additional depreciation - HELD THAT:- Assessee submitted that the amount which has been incurred for purchase and installation is reproduced in the impugned order that includes interest on bank term loan which has been capitalized from the month of April to month of October. Further expenditure have been incurred on the insurance. We find that so far as the interest and insurance is concerned same is verifiable from records hence the Assessing Officer would delete this addition however, in respect of the other expenditure the Assessing Officer would verify whether this expenditure is related to installation of the plant and machinery and would delete if it is found to be incurred for the said purpose. The ground raised in appeal is allowed in the terms indicated above.
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