PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATA vs. ANANDA BAZAR PATRIKA PVT LTD

Accordingly the appeal ITAT/173/2021 fails and is dismissed

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

Section 143(3) of the Act. Thus we find that on facts the Tribunal was convinced that the assessee would be entitled to the claim for additional depreciation in respect 4 of the machinery which they have acquired, which has been used for the purpose of business. Furthermore, the assessee was able to establish that by installing the new machinery

PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED

Appeal is allowed to the extent indicated