Additional Depreciation

M.GOPALSAMY (TAX CONSULTANT) (66 Points)

15 May 2010  

 

Dear All

One of my friend client of one CA.  In the Asst year 2008-09, they invested around Rs.60 lacs for new machinery purchase.  It includes in both in 1st period and also in 2nd period.

The nice Gentleman CA, had not claimed additional depreciation.  Now that case was selected for sctutiny assessment and notice u/s 143(2) is served. 

Is there is any chance to claim additional depreciation at the time of scrutiny assessment.  Is there is any case law regarding the issue. 

Thanks N regards

M.Gopalsamy