amounting to INR 87,12,690/-, on account
of additional depreciation claimed by the Appellant on new Plant and
Machinery in accordance with the provisions ... assessment
proceedings, the Assessing Officer noted that the assessee has claimed additional
depreciation to the tune of Rs.3,03,91,277/-. From the various
taken in the appeal against the assessment order in
respect of additional depreciation on new plant & machinery.
2. The learned Commissioner (Appeal) has erred ... Assessing
Officer disallowed the claim of additional depreciation under
section 32(1)(iia) of the Act on certain items of fixed assets. On
further appeal
assessee does not claim the depreciation and does
not furnish particulars for claiming depreciation, as prescribed,
depreciation cannot thrust upon him." To remedy ... additional claim at the rate of 20%
has necessarily to be allowed as deduction under clause (ii).
Once the claim of additional depreciation under clause
disallowance under
section 14A , disallowance of depreciation on software,
disallowance of depreciation on energy-saving devices,
disallowance of additional depreciation, disallowance of
preliminary expenses, rejection ... additional depreciation on tools & dies
purchased from Group Company.
ii. Disallowance of depreciation on tools purchased from associate
concern.
iii. Disallowance of additional depreciation
action
of disallowing Rs.9,60,182/- being the additional depreciation claimed on
plant u/s 32 (iia) of the Act by wrongly rejecting ... modeling assets (Stock inventory) - Rs. 22,63,734/-
(iv) Additional depreciation on AC Plant - Rs.9,60,182/-
(v) Income from other sources
2015 Prem Kumar Gupta
Haryana.
on account of disallowance of additional depreciation
on new plant & machinery.
2. On the facts and circumstances ... noted in the impugned Order that assessee
had claimed additional depreciation on the assets
purchased and put to use during the year under appeal
inaccurate particulars of
income'' by way of claim of additional depreciation of Rs.
40,79,973/- on Air pollution equipments @ 120% and foreign ... assessment
proceedings, the appellant had accepted its mistake of claiming
additional depreciation @120% on air pollution equipments and
foreign exchange fluctuation loss on account
made in the present case was on account of disallowance of additional
depreciation u/s 32(1)(iia) of the Act. He further stated that ... assessment
made u/s 143(3) of the Act, the said additional depreciation was allowed to
the applicant; however, in the re-assessment proceedings
disallowing amount
of Rs. 2.01 crores on account of additional depreciation claimed under section
32(l)(iia) of the Act, in respect of computers installed ... holding that in terms of proviso to section 32(l)(iia) , additional depreciation is not
admissible on any machinery or plant installed in any office
refund claim of Advance tax
-Depreciation claimed at higher rates / Higher additional
Depreciation
8. Explain and justify the reasonableness of payment of Directors
Remuneration. Please ... Annexure
Depreciation claimed at higher rates (A) already
/ Higher additional depreciation sent.
3. Reconciliation of AIR information Enclosed
"Detailed Trial Balance of all accounts
