ACIT, MUMBAI vs. RELIANCE INDUSTRIES LIMITED, MUMBAI
In the result, the appeal of the Revenue is dismissed whereas the cross-objection of the assessee is allowed
ITA 3705/MUM/2024[2014-15]Status: DisposedITAT Mumbai29 Apr 2025AY 2014-15
Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2014-15 Acit, Reliance Industries Ltd., Room No. 559, 5Th Floor, 3Rd Floor Maker Chamber Iv, Aayakar Bhavan, New Marine Vs. Nariman Point, S.O. Lines, Mumbai-400021. Mumbai-400020. Pan No. Aaacr 5055 K Appellant Respondent
For Appellant: Mr. Madhur Agarwal/Ms. MokshaFor Respondent: Ms. Sanyogita Nagpal, CIT-DR
Section 10ASection 115JSection 144BSection 144CSection 147Section 801B(9)
801B(9) deduction to the extent of Rs. 15,26,13,821/- (20.97
% of Rs. 72,77,72, 160/-).
It is pertinent to note that non allowing additional depreciation during tax holiday period not only result in higher claim of deduction but also result in higher carry forward of WDV which would reduce the profitability of the assess after
