2015 (1) TMI 1248

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....v For the Respondent : None JUDGMENT This appeal by the Revenue is arising out of the impugned order dated 11/06/2015, passed in ITA No.109/Bang/2015, by the Income Tax Appellate Tribunal, Bangalore Bench-A, Bangalore, for considering the following substantial question of law: (i) Whether the Tribunal was correct in holding that additional depreciation allowed u/s. 32(1) (iia) is....

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....of Rs. 4,26,76,850/-. In the draft assessment order under Section 143(3) read with Section 144C dated 14.3.2014, the Assessing Officer has determined the total income at Rs. 7,84,12,208/- as there was a disallowance under Section 32 (1) (iia) of Rs. 3,53,65,893/- being additional depreciation and an additional depreciation and an addition of Rs. 3,69,463/- due to transfer pricing adjustments. The ....

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....construed reasonably and purposive. Being aggrieved by the order passed by the Tribunal, the appellants herein have presented this appeal. 3. We have heard the learned counsel for the appellants. 4. During the course of submission, learned counsel appearing for appellants submitted, that the subject matter involved in this case is directly covered by the judgment passed by the Division Bench....