Additional depreciation
NAVIN AGICHA (HELPING HAND) (1313 Points)
21 April 2015NAVIN AGICHA (HELPING HAND) (1313 Points)
21 April 2015
CA and CMA Ravinder Singh
(CA and CMA)
(853 Points)
Replied 21 April 2015
CA HAYEDAR SHAIKH
(Practice )
(627 Points)
Replied 21 April 2015
Dear Navin,
Year of acquisition and installation should be same for claiming additional depreciation.
The same was held in the cases of DCIT vs. Cosmo Films Ltd., 13 ITR(T) 340 (Delhi) and Brakes India Ltd. DCIT(LTU), 144 ITD 0403.
moulali
(student)
(735 Points)
Replied 22 April 2015