https://www.taxtmi.com/caselaws?id=240632 The ITAT set aside the lower authorities' orders and directed the Assessing Officer to allow depreciation on assets as in the previous year for a Government of India undertaking engaged in fertilizer manufacturing. The ITAT found the disallowance of depreciation on plant and machinery unjustified and directed the Assessing Officer to allow depreciation on assets consistent with the previous year. Regarding the disallowance of payment made under Voluntary Separation Scheme (VSS), the ITAT held that Section 35DDA applied, reversing the lower authorities' decision and directing the Assessing Officer to allow the deduction as per the section for subsequent years as well. en-us Fri, 11 Jan 2013 00:00:00 +0530 Sat, 09 Nov 2013 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240632 The ITAT set aside the lower authorities' orders and directed the Assessing Officer to allow depreciation on assets as in the previous year for a Government of India undertaking engaged in fertilizer manufacturing. The ITAT found the disallowance of depreciation on plant and machinery unjustified and directed the Assessing Officer to allow depreciation on assets consistent with the previous year. Regarding the disallowance of payment made under Voluntary Separation Scheme (VSS), the ITAT held that Section 35DDA applied, reversing the lower authorities' decision and directing the Assessing Officer to allow the deduction as per the section for subsequent years as well. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240632