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2017 (12) TMI 1746

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..... inery which is used for the purpose of power generation units. We further find that the purchase of spare parts for the machinery was treated as capital expenditure and, therefore, makes the assessee eligible for claim of depreciation and also the claim of additional depreciation on the same. We, therefore, do not find any error or infirmity in the findings of the CIT(A). - ITA No.3010/Ahd/2014 - .....

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..... 246.04 crores. The return was selected for scrutiny assessment and accordingly statutory notices were issued and served upon the assessee. 4. Following the directions given by the Commissioner vide an order dated 14.01.2013 framed under section 263 of the Income Tax Act, 1961 ( the Act hereinafter) the Assessing Officer proceeded by examining the claim of depreciation. The Assessing Officer notic .....

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..... reciation and simultaneously also entitled for additional depreciation. After considering the facts and the submissions, the CIT(A) observed that the assessee is entitled to depreciation as well as the additional depreciation on the new spare parts and machinery which have been purchased by it during the year and fitted to the existing machines being utilized for production of article or thing. Be .....

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..... re parts in respect of the machinery which is used for the purpose of power generation units. We further find that the purchase of spare parts for the machinery was treated as capital expenditure and, therefore, makes the assessee eligible for claim of depreciation and also the claim of additional depreciation on the same. We, therefore, do not find any error or infirmity in the findings of the CI .....

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