following grounds of appeal:-
"ITEM NO. I: Disallowance of Additional Depreciation on concealed GI
Wall Rs. 7,85,670/-
1.1 The learned ... grossly erred in law and in facts by
disallowing additional depreciation of Rs. 7,85,670/- claimed on Concealed
Gl Wall Replacement.
1.2 The learned
Design Pvt. Ltd., Bengaluru
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(a) Disallowance of additional depreciation (Ground no.2)
(b) Disallowance made ... assessee. In ground no.2, the assessee is contesting denial of
additional depreciation on computers amounting to Rs.12,47,351/-
claimed
wind mill, the Assessing Officer observed that the additional depreciation
amounting to Rs.1,69,92,222/- claimed by the assessee cannot be allowed ... production of an article or thing, that one is
entitled for additional depreciation on that particular plant and machinery.
The assessee purchased wind mill during
this clause the assessee was
required to fulfill certain additional conditions for claiming this additional depreciation. In the
provisions which are applicable with effect from ... depreciation shall not be available in the subsequent year. Section 32(2) provide for a carry
forward set up of unabsorbed depreciation. This additional benefit
seen that during the year under
consideration, you have claimed additional depreciation of Rs.58,57,95,373/-
and the same was allowed during ... assessee company is engaged only in distribution of electricity and
additional depreciation is allowable to companies engaged in business of
either generation of power
Both these decisions are given in
the context of allowability of additional
depreciation u/ s 32(I)(iia). Various judicial
pronouncements on the issue make ... behind providing such incentives.
4.6 Section 32 (1 )(iia) provides for additional
depreciation to incentivize the promotion of capital
goods industry, engaged in the business
depreciation is disputed stating that the original claim of
depreciation has been wrongly claimed but without disturbing
(rather accepting) such original claim of depreciation ... depreciation and talks about depreciation
claim, the queries raised by the AO were equally relevant for
examining the claim of depreciation as well as additional
action of the Ld. CIT(A) in allowing 80% of the additional depreciation
claimed u/s. 32(1)(iia) of the Income ... submitted that the AO did not allow the full
claim of additional depreciation
deleting the disallowance of Rs. 6,85,662/- on
account of additional depreciation claimed u/s 32 (l)(iia) of the Act
without considering ... depreciation of ₹ 1,750,853/- computed under
the provisions of The Income Tax Act and Income Tax Rules, 1962. The
above amount of depreciation/ additional
justified in granting allowance of remaining portion of 50% of additional depreciation
u/s 32(i)(iia) of the Act on assets ... than 180 days during that year.
The assessee claimed 50% of additional depreciation eligible during assessment year
2010-11. The remaining 50% portion
