DEPUTY COMMISSIONER OF INCOME TAX, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

depreciation computed at 15% on Rs.131,82,06,765/- i.e. Rs.19,77,31,015/- and balance amount of Rs.112,04,75,750/- (Rs. 131,82,06,765 – Rs.19,77,31,015) was disallowed. 7.2 Being aggrieved by the above order of AO, the assessee preferred appeal before the Ld. CIT(A). Before the Ld. CIT(A), the assessee furnished

ASHOK LEYLAND LIMITED,CHENNAI vs. DCIT NON CORP CIRCLE 8(1) LTU - II, CHENNAI

Bench: SHRI ABY T. VARKEY (Judicial Member), SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No.1402/Chny/2024\nनिर्धारण वर्ष/Assessment Year: 2019-20\nM/s. Ashok Leyland Ltd.,\nNo.1, Sardar Patel Road,\nGuindy, Chennai-600 032.\n[PAN: AAAСА 4651 L]\n(अपीलार्थी/Appellant)\nv.\nThe DCIT,\nNCC-8(1),\nLTU-II,\nChennai.\n(प्रत्यर्थी/Respondent)\nआयकर अपील सं./ITA No.1663/Chny/2024\nनिर्धारण वर्ष/Assessment Year: 2019-20\nThe DCIT,\nNCC-8,\nChennai.\n(अपीलार्थी/Appellant)\nv.\nM/s. Ashok Leyl

depreciation computed at 15% on\nRs.131,82,06,765/- i.e. Rs.19,77,31,015/- and balance amount of\nRs.112,04,75,750/- (Rs.131,82,06,765 - Rs.19,77,31,015) was\ndisallowed.\n7.2 Being aggrieved by the above order of AO, the assessee preferred\nappeal before the Ld. CIT(A). Before the Ld. CIT(A), the assessee\nfurnished the copy