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2021 (4) TMI 573 - AT - Income TaxExcess depreciation on plant and machinery - assessee company derives income from the business of Sea foods/Prawn culture/Production and export - HELD THAT:- As perused the observations of the coordinate bench of the Tribunal in the case of M/s Bikanervala Foods Pvt. Ltd [2018 (5) TMI 626 - ITAT DELHI] wherein the Tribunal observed that additional depreciation is allowable u/s.32(1)(iia) of the Act even if the assessee is engaged in processing of food products on items directly not linked to manufacturing activities. As per our considered opinion, prawn is a part of food. Respectfully following the above observations of the coordinate bench of the Tribunal, we held that the assessee is eligible for claiming addition depreciation. Accordingly, we allow the sole ground raised by the assessee. Consequently, appeal of the assessee is allowed.
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