also that the
Assessee had wrongly claimed a deduction under Section 32AC . In other
words, for AY 2014-15, the assessment was sought ... crores by wrongly claiming a deduction under
Section 32AC ] had escaped assessment.
5. Since the facts in both the Petitions are almost identical, save
also that the
Assessee had wrongly claimed a deduction under Section 32AC . In other
words, for AY 2014-15, the assessment was sought ... crores by wrongly claiming a deduction under
Section 32AC ] had escaped assessment.
5. Since the facts in both the Petitions are almost identical, save
also that the
Assessee had wrongly claimed a deduction under Section 32AC . In other
words, for AY 2014-15, the assessment was sought ... crores by wrongly claiming a deduction under
Section 32AC ] had escaped assessment.
5. Since the facts in both the Petitions are almost identical, save
also that the
Assessee had wrongly claimed a deduction under Section 32AC . In other
words, for AY 2014-15, the assessment was sought ... crores by wrongly claiming a deduction under
Section 32AC ] had escaped assessment.
5. Since the facts in both the Petitions are almost identical, save
several details
pertaining to Petitioner's claim for deductions under Section 32AC of
the Act. These include details of the installation of the machinery ... Certification for the
purpose of calculation of allowance under Section 32AC of the Act.
3. The assessment came to completed by an order dated
claimed
deduction under the provisions of Section 32AC of the Act for
the assessment year 2014-15 as regards the new assets
acquired and installed ... returns, and one such query was the eligibility
for deduction under Section 32AC of the Act. The appellant
points out to Annexures
stated that in respect of the claim of deduction
under section 32AC of the Act, the petitioner fled the
requisite details of `plant and machinery ... observed that
the petitioners' claim of deduction under section 32AC and
Shraddha Talekar
2025
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and deduction of Rs.22.49 crore under Section
32AC of the Act.
9. The petitioner filed the objections to the
impugned notice ... CITATION
C/SCA/3802/2022 ORDER DATED: 21/01/2025
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Section 32AC of the Act would not be available to
the petitioner
being 50% additional
depreciation under Section 32AC of the Act?
f. Whether on the facts and circumstances of the case
and in law, the ITAT ... taken note of the interpretation
accorded to Section 32(1)(iia) as well as Section 32AC of the Act by
the Supreme Court
aspect of
deduction of Rs.6,57,24,000/- under Section 32AC of the Income Tax
Act, 1961 ["Act"].
3. The petitioner ... Section 153 read with Section
245RR of the Act."
5. In view of the aforesaid and since the issue of deductions under
Section 32AC
