CREST SPECIALITY RESINS PRIVATE LIMITED,KHEDA, GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD, GUJARAT
Income Tax Appellate Tribunal, “B” BENCH, AHMEDABAD
Before: DR. B.R.R. KUMAR, VICE-SHRI T.R. SENTHIL KUMAR
PER DR. B.R.R. KUMAR, VICE-PRESIDENT:-
Delay Condoned
This appeal is filed by the Assessee against the appellate order dated 09.05.2024 passed by the Commissioner of Income Tax
(Appeals)/National Faceless Appeal Centre, Delhi, relating to the Assessment Year 2015-16. 2. Straight to the issue of depreciation, the assessee claimed depreciation
@ 15% on the electrical installation and the Revenue allowed the depreciation @ 10% and disallowed an amount of Rs.4,98,971/-. On going through the record, we find that the electrical installations are corollary to the plant and machinery; hence, depreciation @ 15% is allowable. It is also to be mentioned here that a similar matter stands adjudicated by the Crest Speciality Resins Pvt. Ltd. Vs.DCIT
Asst. Year : 2015-16
- 2–
Co-ordinate Bench of the Tribunal in assessee’s own case for AY 2011-12
on the identical issue wherein the depreciation was allowed @ 15%. In the absence of any change in the factual matrix of the case and in the legal proposition, the appeal of the assessee is hereby allowed.
In the result, the appeal of the assessee is allowed.
The order is pronounced in the open Court on 02.05.2025 (T.R. SENTHIL KUMAR)
VICE-PRESIDENT
Ahmedabad; Dated 02/05/2025
MV
आदेश की ितिलिप अ ेिषत/Copy of the Order forwarded to :
अपीलाथ / The Appellant 2. थ / The Respondent. 3. संबंिधतआयकरआयु / Concerned CIT 4. आयकरआयु(अपील) / The CIT(A)- 5. िवभागीयितिनिध, आयकरअपीलीयअिधकरण, अहमदाबाद/ DR, ITAT, Ahmedabad 6. गाड फाईल/ Guard file.
आदेशानुसार/ BY ORDER,सहायक पंजीकार (Dy./Asstt.