erred in upholding
disallowance of additional depreciation to the tune of Rs.
4,05,12,853 and Rs. 1,52,73,164 on plant ... assessment. AO had further reasons to believe that assessee had claimed
additional depreciation which was not eligible to it by provisions and excess
further sum' as depreciation, therefore
what was proposed to be allowed is depreciation simplicitor though it was
called as additional depreciation. Section ... depreciation shall not be available in the subsequent
year. Section 32(2) provides for a carry forward set up of unabsorbed
depreciation. This additional benefit
made by the AO on
account of additional depreciation.
3 The appellant craves leave, to add, alter or amend
any ground of appeal raised above ... relating to disallowance of ``5,99,464/- on
account of additional depreciation, during the course of assessment proceedings,
the AO noticed that the assessee claimed
disallowance made of
Rs.66,68,654/- on account of additional depreciation claimed by the
assessee @ 15% u/s 32(1)(iia) inspite ... immediate preceding year. During
the year, it claimed additional depreciation of Rs.66.68 lakhs on account of new
plant & machinery installed in Pizza
year 2006-07 to the
effect that disallowance of claim of additional depreciation of Rs.39,74,451/- was decided
in favour of the assessee ... activities which were undertaken by the respondent-assessee, the
claim for additional depreciation cannot be allowed but in case RMCV was sold
to third parties
Income Tax (Appeals) erred in
enhancing income by way of disallowing additional depreciation of `
388112/- allowed by the Ld. ACIT claimed during the course ... 2011
8. On this issue assessee had been provided additional depreciation
amounting to ` 388112/-, by the Assessing Officer.
9. Ld. Commissioner of Income Tax (Appeals
perusal of assessment record, it was found that the assessee
claimed additional depreciation of Rs. 28,24,676/-, which was allowed in
the course ... case also distinguishable. The essential
question in that case was whether additional depreciation could be
allowed in a case where the audit report is filed
revenue is that Learned CIT(Appeals) has erred in
allowing the additional depreciation of Rs.5,56,483 under ... direct the Assessing Officer to allow additional depreciation on
machinery used for the production of ready mixed concrete".
3. There is no disparity
made by the AO on account of additional
depreciation claim by the assessee.
3. The appellant craves leave to add, alter or amend ... carrying on allied
activities. In the return of income, assessee claimed additional
depreciation of Rs.10,50,093/-. The AO disallowed this depreciation
learned CIT (Appeals) should have allowed
depreciation @ 80% on Transformer & Electric Panels instead
of Depreciation allowed @ 15%."
3 ITA No.2886/Del./2010 ... category of plant and machinery and the depreciation @ 15% with an
additional depreciation of 20% was allowed and the excess claim of
expenditure
