TMI Blog2017 (12) TMI 1746X X X X Extracts X X X X X X X X Extracts X X X X ..... achinery 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/2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r. Return was filed on 27.09.2008 showing income at ₹ 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... treated as capital expenditure, then the assessee is very much entitled for depreciation 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 fitt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rders of the authorities below. There is no dispute that the assessee has purchased certain spare 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 depr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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