after going through the assessment
order, felt that the AO allowed additional depreciation under
Section ... Depreciation:
(i) The value base for the purpose of depreciation shall
be the historical cost of the asset.
Depreciation shall be calculated annually
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
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
been
issued only on one question - pertaining to the disallowance of additional
depreciation claimed by the respondent/assessee for Assessment Year ... raised a
query regarding the assessee's claim for "additional depreciation", under
Section 32(1)(iia) of the Act contending that such
office
appliance and was entitled for Extra Shift Allowance,
additional depreciation and investment allowance?"
3. We shall proceed to answer the questions ... water distribution system and the claim for extra shift
allowance, additional depreciation and investment allowance on telephone
exchange system. We notice that the assessment year
value of shares or
not.
5. With respect to claim of
additional depreciation u/s
32(1)(iia) , the assessee failed to
submit the details
Tribunal was right in holding
that the assessee is entitled to the depreciation on the increase in the cost of
fixed assets due to fluctuation ... cost of the assets, the assessee
claimed depreciation of `4,462/- on the additional cost represented by the
aforesaid law. The claim was rejected
consisting of various tools and the fact that the depreciation was actually allowed in
the assessment for the assessment year ... sent the remand
report in which he objected to the admissibility of additional evidence under Rule 46A
of the Income Tax Rules, 1962. He doubted
assessee has filed a revised return and
withdrawn some claim of depreciation penalty is not leviable. The additions
in assessment proceedings will not automatically lead ... held that where
there was an offer of additional income in the revised return filed by the
assessee and such offer is in consequence
ceased to serve the desired purpose, the
same were sold, after claiming depreciation. The Petitioner filed
two revision petitions, under Section ... alleged by the petitioner The petitioner filed a review
application to the Additional Commissioner (Appeals) which again
reiterated the demand of tax regarding the sale
