ACIT., CIRCLE-3(1), HYDERABAD vs. SYNERGIES CASTINGS LIMITED, HYDERABAD
In the result, all the appeals of the assessee are allowed in its favour
ITA 641/HYD/2024[2021]Status: DisposedITAT Hyderabad06 Sept 2024
Bench: Shri Prakash Chand Yadav & Shri Madhusudan Sawdia
For Appellant: NoneFor Respondent: : Shri Srikanth Reddy Y, DR
Section 143(1)(a)Section 32(1)(ii)Section 36(1)(va)
against the cost of moulds as the Appellant inadvertently claimed the deduction of Rs.2,21,53,320/-as per the provisions of section 32(1)(ii)(12). Thus the same was added to the depreciation and thereby the deprecation was wrongly shown in the ROI amounting to Rs.16,32 ... alloy wheels during the year under review. While claiming the same, the Appellant inadvertently claimed the deduction as per the provisions of section 32(1)(ii)(12).
Thus the same was added to the depreciation and thereby the deprecation was wrongly shown in the ROI amounting to Rs.16,32
