HARMONY PLASTICS PVT.LTD., ,UDAIPUR vs. ACIT, CIRCLE-1, UDAIUR
In the result, the appeal of the assessee is allowed
ITA 180/JODH/2019[2015-16]Status: DisposedITAT Jodhpur21 Mar 2023AY 2015-16
Bench: Shri Kul Bharat & Shri Manish Borad180/Jodh/2019 (Assessment Year- 2015-16) M/S. Harmony Plastics Pvt Ltd. V The Acit S F-335-339, Bhamashah Industrial Circle-1 Area, Kaladwas, Udaipur Uddaipur (Appellant) (Respondent) Pan No. Aabch 5399 D
Section 143(3)Section 32Section 32(1)Section 32(1)(iia)Section 32(2)(iia)
during the earlier assessment years. Thus in the relevant year, the machinery were no more new.
Claim of the assessee is that under section 32(2)(iia), additional depreciation for new plant and machinery acquired were available in every year after installation if such installation happened after
