2019 (10) TMI 145

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.... ORDER PER SHRI KUL BHARAT, JUDICIAL MEMBER : This appeal by the Assessee pertaining to the Assessment Year (AY) 2013-14 is directed against the order of the Ld. Commissioner of Income Tax(Appeals) - 2, Ahmedabad ('CIT(A)' for short) dated 19.12.2017. The assessee has raised the following grounds of appeal:- 1. "The learned Commissioner of Income Tax (Appeals) has erred in dismissing the grou....

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....s leave to add, alter, amend or modify any of the grounds of appeal on or before the date of hearing of appeal." 2. The only effective ground of this appeal is against declining the claim of the assessee for additional depreciation. 3. The facts giving rise to the present appeal are that the case of the assessee is picked for scrutiny assessment and the assessment u/s 143(3) of the Income Tax Ac....

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....e considered for additional depreciation. 4. Aggrieved by this the assessee is in further appeal before us. The Learned Counsel for the assessee Shri Aseem L. Thakkar vehemently argued that the authorities below are not justified in disallowing the claim. He submitted that law is very clear that additional depreciation is allowable. He drew our attention to Section 32(1)(iia) of the Act. He furth....

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....materials available on record and gone through the orders of the authorities below. The Learned Counsel for the assessee submitted that the amount which has been incurred for purchase and installation is reproduced in the impugned order that includes interest on bank term loan which has been capitalized from the month of April to month of October. Further expenditure have been incurred on the insu....