FRESH & HONEST CAFE LTD.,CHENNAI vs. DCIT, CHENNAI
In the result, all the appeals of the Revenue are partly allowed
ITA 1500/CHNY/2014[2010-11]Status: DisposedITAT Chennai05 May 2016AY 2010-11
Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1499 & 1500/Mds/2014 "नधा"रण वष" / Assessment Years :2009-10 & 2010-11 & आयकर अपील सं./Ita No.1485/Mds/2015 "नधा"रण वष" / Assessment Year : 2011-12 M/S Fresh & Honest Café Ltd., The Deputy Commissioner Of C/O Shri S. Sridhar, Advocate, V. Income Tax, New No.14, Old No.82, Flat No.5, Company Circle Ii(1), 1St Avenue, Indira Nagar, Adyar, Chennai - 600 020. Chennai - 600 020. Pan : Aaacf 1516 H (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Dr. Milind Madhukar Bhusari, CIT
Section 32(1)(iia)
10% additional depreciation in the subsequent year. Taking advantage of this position, the assessee now claims that the year in which the machinery was put to use the assessee is entitled for 50% additional depreciation since the machinery was put to use for less than 180 days and the balance 50% shall be allowed in the next year since