JCIT (OSD), CORPORATE CIRCLE 2(2), CHENNAI vs. INDIA PISTON LTD., CHENNAI
In the result, the appeal filed by the Revenue is dismissed
ITA 1615/CHNY/2019[2014-15]Status: DisposedITAT Chennai09 Apr 2021AY 2014-15
Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No.1615/Chny/2019 िनधा"रण वष"/Assessment Year: 2014-15 The Joint Commissioner Of Income M/S. India Piston Ltd., Tax (Osd), Corporate Circle 2(2), Vs. Huzur Gardens, Room No. 512, 5Th Floor, Wanaparthy Madhavaram High Road, Block, No. 121, M.G. Road, Sembiam, Chennai 600 011. Chennai 600 034. [Pan:Aaaci1439E] (अपीलाथ" /Appellant) (""थ"/Respondent) Department By : Shri G. Johnson, Addl. Cit Assessee By : Shri Vikram Vijayaraghavan, Advocate सुनवाई की तारीख/ Date Of Hearing : 23.03.2021 घोषणा की तारीख /Date Of Pronouncement : 09.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy:
For Appellant: Shri Vikram Vijayaraghavan, AdvocateFor Respondent: Shri G. Johnson, Addl. CIT
Section 32(1)Section 32(1)(iia)
68,97,816/- as carry forward depreciation in the last previous year. In the assessment order, the Assessing Officer has noticed that the claim of the assessee relates to assets acquired in the preceding assessment year, wherein, the assets were used for less than 180 days and only 10% of depreciation was claimed in earlier year. Thus, in the present
