2014 (9) TMI 1120

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....ce President) This appeal by the assessee company is directed against the order passed by the CIT(A)-8, Mumbai and it pertains to AY 2009-10. 2. The only ground urged before us reads as under: - "1. The learned CIT(A) is erred in disallowing additional depreciation of Rs. 3,70,00,800/- as per Section 32(iia) of the Income Tax Act on addition of plant & machinery made during 01.10.20....

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.... is available only in the year in which new plant and machinery were put to use. Even if the assessee is not able to avail 20% benefit in the first year the balance cannot be allowed as deduction, in the opinion of the Tax Authorities. Thus the assessee is in appeal before the Tribunal. 4. The learned counsel for the assessee placed before us copies of the following orders of the Tribunal to su....