J.N INVESTMENT & TRADING CO. P.LTD,MUMBAI vs. PR CIT 2, MUMBAI

The appeal of the assessee is partly allowed in terms of our aforesaid observations

Bench: Shri G.S. Pannu, Am & Shri Ravish Sood, Jm आयकर अपील सं./ I.T.A. No(S).2370/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2007-08) Wind World India Infrastructure Pvt. Ltd. Principal Cit(C)-2, बिधम/ A-9, Enercon Tower, Veera Desai Road, Veera Mumbai Vs. Industrial Estate, Andheri (W), Mumbai-400053 स्थामीरेखासं./ जीआइआयसं./ Pan/Gir No. Aabce5226C (अपीलाथी/Appellant) (प्रत्यथी / Respondent) :

32(1)(iia) by the A.O to the assessee company was in conformity with the judgment of the Hon‟ble High Court of Madras and the coordinate benches of the Tribunal, therefore, the same cannot be held to be erroneous and prejudicial to the interest of the revenue. We thus being of the considered view that the assessee was duly

WIND WORLD WIND RESOURCES DEVELOPMENT P. LTD,MUMBAI vs. PR CIT -2, MUMBAI

The appeal of the assessee is partly allowed in terms of our aforesaid observations

Bench: Shri G.S. Pannu, Am & Shri Ravish Sood, Jm आयकर अपील सं./ I.T.A. No(S).2370/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2007-08) Wind World India Infrastructure Pvt. Ltd. Principal Cit(C)-2, बिधम/ A-9, Enercon Tower, Veera Desai Road, Veera Mumbai Vs. Industrial Estate, Andheri (W), Mumbai-400053 स्थामीरेखासं./ जीआइआयसं./ Pan/Gir No. Aabce5226C (अपीलाथी/Appellant) (प्रत्यथी / Respondent) :

32(1)(iia) by the A.O to the assessee company was in conformity with the judgment of the Hon‟ble High Court of Madras and the coordinate benches of the Tribunal, therefore, the same cannot be held to be erroneous and prejudicial to the interest of the revenue. We thus being of the considered view that the assessee was duly

WELSPUN CORP LTD,MUMBAI vs. DCIT CEN CIR 22, MUMBAI

In the result, appeal filed by the assesee and appeal filed by the revenue are partly allowed for statistical purpose

Bench: Shri G. Manjunatha & Shri Ram Lal Negim/S Welspun Corp Ltd. Vs. Dcit,Central Circle-22 Room No.465, 4Th Floor Welspun House 7Th Floor, B-Wing Aaykar Bhawan Kamla Mills Compound M.K.Road Senapati Bapat Marg Mumbai-400 020 Lower Parel Mumbai-400 013 Pan/Gir No.Aaacw0744L (Appellant) .. (Respondent) & Dcit,Central Circle-3(3) Vs. M/S Welspun Corp Ltd. Room No.401, 4Th Floor Welspun House 7Th Floor, B-Wing Aaykar Bhawan M.K.Road Kamla Mills Compound Mumbai-400 020 Senapati Bapat Marg Lower Parel Mumbai-400 013 Pan/Gir No.Aaacw0744L (Appellant) .. (Respondent)

32(i)(iia) has been deleted and therefore, the Appellant is eligible for additional depreciation for subsequent years also in absence of any reference to a specific previous year in the amended provisions of section c) In reaching to the conclusion and disallowing the claim of additional depreciation, the Id. CIT(A) omitted to consider relevant factors, considerations, principles

DCIT CEN CIR 3(3) CEN RG 3, MUMBAI vs. WELSPUN CORP LTD, MUMBAI

In the result, appeal filed by the assesee and appeal filed by the revenue are partly allowed for statistical purpose

Bench: Shri G. Manjunatha & Shri Ram Lal Negim/S Welspun Corp Ltd. Vs. Dcit,Central Circle-22 Room No.465, 4Th Floor Welspun House 7Th Floor, B-Wing Aaykar Bhawan Kamla Mills Compound M.K.Road Senapati Bapat Marg Mumbai-400 020 Lower Parel Mumbai-400 013 Pan/Gir No.Aaacw0744L (Appellant) .. (Respondent) & Dcit,Central Circle-3(3) Vs. M/S Welspun Corp Ltd. Room No.401, 4Th Floor Welspun House 7Th Floor, B-Wing Aaykar Bhawan M.K.Road Kamla Mills Compound Mumbai-400 020 Senapati Bapat Marg Lower Parel Mumbai-400 013 Pan/Gir No.Aaacw0744L (Appellant) .. (Respondent)

32(i)(iia) has been deleted and therefore, the Appellant is eligible for additional depreciation for subsequent years also in absence of any reference to a specific previous year in the amended provisions of section c) In reaching to the conclusion and disallowing the claim of additional depreciation, the Id. CIT(A) omitted to consider relevant factors, considerations, principles

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

iia) search any person who has got out of, or is about to get into, or is in, the building, place, vessel, vehicle or aircraft, if the authorised officer has reason to suspect that such person has secreted about his person any such books of account, other documents, money, bullion, jewellery or other valuable article or thing; (iib) require

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

iia) search any person who has got out of, or is about to get into, or is in, the building, place, vessel, vehicle or aircraft, if the authorised officer has reason to suspect that such person has secreted about his person any such books of account, other documents, money, bullion, jewellery or other valuable article or thing; (iib) require

ASST CIT CIR 2, THANE vs. SALASAR DEVELOPERS, THANE

The appeals of the Revenue are dismissed

Bench: Shri Joginder Singh & Shri N.K. Pradhan

iia) search any person who has got out of, or is about to get into, or is in, the building, place, vessel, vehicle or aircraft, if the authorised officer has reason to suspect that such person has secreted about his person any such books of account, other documents, money, bullion, jewellery or other valuable article or thing; (iib) require

ROCKLINE DEVELOPERS P. LTD,MUMBAI vs. ITO 9(3)(4), MUMBAI

In the result, ground “A” raised in the appeal by the assessee stands dismissed

iia); or (iic) the amount of income, being the share of the assessee in the income of an association of persons or body of individuals, on which no income-tax is payable in accordance with the provisions of section 86, if any, such amount is credited to the statement of profit and loss; or (iid) the amount of income accruing

HINDALCO INDUSTRIES LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result, the appeals of the revenue and assessee are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri Amarjit Singh, Am आयकर अपील सं/ I.T. A. No. 5559/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5576/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5560/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Hindalco Industries Ltd. बिधम/ Dcit, Central Circle-1(4) 3Rd Floor, Century Bhawan, 9Th Floor, Room No.902, Vs. Dr. A.B Road, Worli, Old Cgo Building, M. K. Mumbai-400030. Road, Mumbai-400020. आयकर अपील सं/ I.T. A. No. 5796/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5769/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5770/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit, Central Circle-1(4) बिधम/ Hindalco Industries Ltd. 9Th Floor, Room No.902, 3Rd Floor, Century Vs. Old Cgo Building, M. K. Bhawan, Dr. A.B Road, Road, Mumbai-400020. Worli, Mumbai-400030. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaach1201R (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri P. J. Pardiwala A/W S. M Bandi Revenue By: Shri K. C. Selvamani (Dr) सुनवाई की तारीख / Date Of Hearing: 06/11/2023 घोषणा की तारीख /Date Of Pronouncement: 29/11/2023

32(1)(iia) of the IT Act, 1961?” 15. And the Hon’ble High Court has answered the question of law as under: - “9. It could be thus, seen that the Karnataka High Court in Rittal India Pvt. Ltd, (supra) even without the aid of the statutory amendment held that remaining 50% unclaimed depreciation would be available to the assessee

HINDALCO INDUSTRIES LTD.,MUMBAI vs. DCIT CENT. CIR. - 1(4), MUMBAI

In the result, the appeals of the revenue and assessee are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri Amarjit Singh, Am आयकर अपील सं/ I.T. A. No. 5559/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5576/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5560/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Hindalco Industries Ltd. बिधम/ Dcit, Central Circle-1(4) 3Rd Floor, Century Bhawan, 9Th Floor, Room No.902, Vs. Dr. A.B Road, Worli, Old Cgo Building, M. K. Mumbai-400030. Road, Mumbai-400020. आयकर अपील सं/ I.T. A. No. 5796/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5769/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5770/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit, Central Circle-1(4) बिधम/ Hindalco Industries Ltd. 9Th Floor, Room No.902, 3Rd Floor, Century Vs. Old Cgo Building, M. K. Bhawan, Dr. A.B Road, Road, Mumbai-400020. Worli, Mumbai-400030. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaach1201R (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri P. J. Pardiwala A/W S. M Bandi Revenue By: Shri K. C. Selvamani (Dr) सुनवाई की तारीख / Date Of Hearing: 06/11/2023 घोषणा की तारीख /Date Of Pronouncement: 29/11/2023

32(1)(iia) of the IT Act, 1961?” 15. And the Hon’ble High Court has answered the question of law as under: - “9. It could be thus, seen that the Karnataka High Court in Rittal India Pvt. Ltd, (supra) even without the aid of the statutory amendment held that remaining 50% unclaimed depreciation would be available to the assessee

DCIT CENT. CIR. - 1(4), MUMBAI vs. HINDALCO INDUSTRIES LTD., MUMBAI

In the result, the appeals of the revenue and assessee are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri Amarjit Singh, Am आयकर अपील सं/ I.T. A. No. 5559/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5576/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5560/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Hindalco Industries Ltd. बिधम/ Dcit, Central Circle-1(4) 3Rd Floor, Century Bhawan, 9Th Floor, Room No.902, Vs. Dr. A.B Road, Worli, Old Cgo Building, M. K. Mumbai-400030. Road, Mumbai-400020. आयकर अपील सं/ I.T. A. No. 5796/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5769/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5770/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit, Central Circle-1(4) बिधम/ Hindalco Industries Ltd. 9Th Floor, Room No.902, 3Rd Floor, Century Vs. Old Cgo Building, M. K. Bhawan, Dr. A.B Road, Road, Mumbai-400020. Worli, Mumbai-400030. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaach1201R (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri P. J. Pardiwala A/W S. M Bandi Revenue By: Shri K. C. Selvamani (Dr) सुनवाई की तारीख / Date Of Hearing: 06/11/2023 घोषणा की तारीख /Date Of Pronouncement: 29/11/2023

32(1)(iia) of the IT Act, 1961?” 15. And the Hon’ble High Court has answered the question of law as under: - “9. It could be thus, seen that the Karnataka High Court in Rittal India Pvt. Ltd, (supra) even without the aid of the statutory amendment held that remaining 50% unclaimed depreciation would be available to the assessee

DCIT CENT. CIR. - 1(4), MUMBAI vs. HINDALCO INDUSTRIES LTD., MUMBAI

In the result, the appeals of the revenue and assessee are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri Amarjit Singh, Am आयकर अपील सं/ I.T. A. No. 5559/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5576/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5560/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Hindalco Industries Ltd. बिधम/ Dcit, Central Circle-1(4) 3Rd Floor, Century Bhawan, 9Th Floor, Room No.902, Vs. Dr. A.B Road, Worli, Old Cgo Building, M. K. Mumbai-400030. Road, Mumbai-400020. आयकर अपील सं/ I.T. A. No. 5796/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5769/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5770/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit, Central Circle-1(4) बिधम/ Hindalco Industries Ltd. 9Th Floor, Room No.902, 3Rd Floor, Century Vs. Old Cgo Building, M. K. Bhawan, Dr. A.B Road, Road, Mumbai-400020. Worli, Mumbai-400030. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaach1201R (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri P. J. Pardiwala A/W S. M Bandi Revenue By: Shri K. C. Selvamani (Dr) सुनवाई की तारीख / Date Of Hearing: 06/11/2023 घोषणा की तारीख /Date Of Pronouncement: 29/11/2023

32(1)(iia) of the IT Act, 1961?” 15. And the Hon’ble High Court has answered the question of law as under: - “9. It could be thus, seen that the Karnataka High Court in Rittal India Pvt. Ltd, (supra) even without the aid of the statutory amendment held that remaining 50% unclaimed depreciation would be available to the assessee

DCIT CEN CIR 1(4), MUMBAI vs. HINDALCO INDUSTRIES LTD, MUMBAI

In the result, the appeals of the revenue and assessee are dismissed

Bench: Shri Aby T. Varkey, Jm & Shri Amarjit Singh, Am आयकर अपील सं/ I.T. A. No. 5559/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5576/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5560/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Hindalco Industries Ltd. बिधम/ Dcit, Central Circle-1(4) 3Rd Floor, Century Bhawan, 9Th Floor, Room No.902, Vs. Dr. A.B Road, Worli, Old Cgo Building, M. K. Mumbai-400030. Road, Mumbai-400020. आयकर अपील सं/ I.T. A. No. 5796/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2008-09) & आयकर अपील सं/ I.T. A. No. 5769/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2009-10) & आयकर अपील सं/ I.T. A. No. 5770/Mum/2017 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit, Central Circle-1(4) बिधम/ Hindalco Industries Ltd. 9Th Floor, Room No.902, 3Rd Floor, Century Vs. Old Cgo Building, M. K. Bhawan, Dr. A.B Road, Road, Mumbai-400020. Worli, Mumbai-400030. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaach1201R (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri P. J. Pardiwala A/W S. M Bandi Revenue By: Shri K. C. Selvamani (Dr) सुनवाई की तारीख / Date Of Hearing: 06/11/2023 घोषणा की तारीख /Date Of Pronouncement: 29/11/2023

32(1)(iia) of the IT Act, 1961?” 15. And the Hon’ble High Court has answered the question of law as under: - “9. It could be thus, seen that the Karnataka High Court in Rittal India Pvt. Ltd, (supra) even without the aid of the statutory amendment held that remaining 50% unclaimed depreciation would be available to the assessee

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

1)(ii) w.e.f. April 1, 2016 (which allows claim in succeeding year), is clarificatory in nature and would apply to all pending cases. 106. We also find that the Coordinate Bench of this Tribunal in the case of Grasim Bhiwani Textiles Limited vs ACIT (ITA 790 & 791/Mum/2014), has also allowed the claim of spill over depreciation observing as under

DCIT -CC-1(4), MUMBAI vs. ULTRATECH CEMENT LTD. , MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

1)(ii) w.e.f. April 1, 2016 (which allows claim in succeeding year), is clarificatory in nature and would apply to all pending cases. 106. We also find that the Coordinate Bench of this Tribunal in the case of Grasim Bhiwani Textiles Limited vs ACIT (ITA 790 & 791/Mum/2014), has also allowed the claim of spill over depreciation observing as under

DCIT- CC- 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

1)(ii) w.e.f. April 1, 2016 (which allows claim in succeeding year), is clarificatory in nature and would apply to all pending cases. 106. We also find that the Coordinate Bench of this Tribunal in the case of Grasim Bhiwani Textiles Limited vs ACIT (ITA 790 & 791/Mum/2014), has also allowed the claim of spill over depreciation observing as under

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

1)(ii) w.e.f. April 1, 2016 (which allows claim in succeeding year), is clarificatory in nature and would apply to all pending cases. 106. We also find that the Coordinate Bench of this Tribunal in the case of Grasim Bhiwani Textiles Limited vs ACIT (ITA 790 & 791/Mum/2014), has also allowed the claim of spill over depreciation observing as under

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

1)(ii) w.e.f. April 1, 2016 (which allows claim in succeeding year), is clarificatory in nature and would apply to all pending cases. 106. We also find that the Coordinate Bench of this Tribunal in the case of Grasim Bhiwani Textiles Limited vs ACIT (ITA 790 & 791/Mum/2014), has also allowed the claim of spill over depreciation observing as under