In the result, the appeal of the assessee is allowed
Bench: Shri Kul Bharat & Shri Manish Borad180/Jodh/2019 (Assessment Year- 2015-16) M/S. Harmony Plastics Pvt Ltd. V The Acit S F-335-339, Bhamashah Industrial Circle-1 Area, Kaladwas, Udaipur Uddaipur (Appellant) (Respondent) Pan No. Aabch 5399 D
3 HARMONY PLASTICS PVT LTD. VS ACIT, CIRCLE-1, UDAIPUR ‘’6. I have carefully considered the assessment order, appellate submissions and various case laws relied upon by the appellant. The relevant provisions of Section 32(1)(iia) of the Act have also been gone through. The AO disallowed the claim of the appellant for additional depreciation on the ground that