ASSISTANT COMMISSIONER OF INCOME TAX LTU CIRCLE 1 , CHENNAI vs. E I D PARRY INDIA LIMITED, CHENNAI
In the result, appeal filed by the Revenue is dismissed
ITA 3118/CHNY/2024[2011-12]Status: DisposedITAT Chennai23 Apr 2025AY 2011-12
Bench: Shri Aby T. Varkey & Shri Amitabh Shukla
For Appellant: Mr.Sudarmani, AdvocateFor Respondent: Mr.R. Raghupathy, Addl.CIT
Section 143(1)Section 32(1)(iia)
provisions of section 32(1)(lia)?
2. Is not the finding of the Tribunal bad especially when as per the proviso to Section 32(0)(1) restricts depreciation allowable to 10% in the year in which the assets was acquired and installed and in the present case the assets
