DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 2, BELAGAVI vs. M/S NIRANI SUGARS LIMITED, BELAGAVI
In the result, the appeal of the Revenue is dismissed
ITA 178/PAN/2018[2011-12]Status: DisposedITAT Panaji23 Jun 2022AY 2011-12
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Shri Ashok Kulkarni, AdvFor Respondent: Smt Rijula Uniyal, Sr. DR
Section 139(1)Section 36Section 36(1)(iii)
138 claimed by the assessee on the ground that the assessee was entitled to depreciation on straightline basis and not on the WDV basis. The learned AO held that under rules various power generating turbines put to use during the financial year 1998-
99 were entitled to depreciation on straightline method. During the course of proceedings before the learned
