Hey all of you.
please help me in solving my problem
One of my client, during the course of hearing of scrutiny get addition for additional depreciation.
He is a textile businessman doing embroidery job work on sarees. the fact of the cases are as follows
1. The learned ITO made addition on the groud that embroidery work is just value addition to the saree. It can not means for manufacturing.
2. The learned ITO also made statement that embroidery work can not change name of the product and utility of the product. Before embroidery job work, saree remain saree only
So I want to appeal the same in CIT.
Kindly provide me recent case laws on additional depriciation.
CAclubindia
