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M/s. Western Precicast Pvt. Ltd., Versus Joint Commissioner of Income Tax, Range 1, Sangli

2015 (7) TMI 1058 - ITAT PUNE

Compute the depreciation @ 80% on WDV of windmill, which in turn is closing WDV of the preceding year. The assessee admittedly, has not installed any other windmill in the instant year. The grounds of appeal raised by the assessee are allowed in asse .....

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ous Application has been filed by the assessee for recalling the order of Tribunal in ITA No. 1495/PN/2011 for assessment year 2008-09 decided on 30-01-2013. 2. Shri M.P. Machave appearing on behalf of the assessee submitted that the appeal of the as .....

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claimed half of 80% depreciation as the windmill was installed in second half of the year. Consequently, the Assessing Officer should have allowed 80% depreciation on W.D.V. as on 01-04-2006 for assessment year 2007-08 and subsequent assessment years .....

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g depreciation on windmill needs to be adjudicated again as the same has not been properly adjudicated. 3. Ms. Nishtha Tiwari appearing on behalf of the Department submitted that the Revenue has neither filed appeal against the order of Commissioner .....

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No. 1495/PN/2011 dated 30-01-2013. 4. We have heard the submissions made by the representatives of rival sides and have perused the orders of the authorities below. The assessee has prayed for recalling the order dated 30-01-2013 in ITA No. 1495/PN/2 .....

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0-01-2013 are not congruent. We have perused the order of Tribunal sought to be recalled. The Tribunal while deciding the issue of depreciation has placed reliance on the order of Tribunal in assessee s own case for assessment year 2007- 08. The appe .....

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