THE ACIT, CIRCLE-1(1), THRRISSUR vs. MANJILAS AGRO FOODS PVT. LTD., THRISSUR

In the result, all the appeals by the assessee are partly allowed

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S.

4. The assessee claimed 30% depreciation since the vehicles were used to distribute the finished goods to the dealers and to purchase paddy from agriculturists. Since the vehicles were used exclusively for this purpose the obsolescence is very high and hence 30% depreciation is allowable applying function test. ITA Nos.32 to 34/Coch/2022 Page 8 of 18 5. The learned Assessing

MANJILAS AGRO FOOD PVT.LTD.,THRISSUR vs. THE ITO,WARD-1(2),, THRISSUR