2020 (11) TMI 52

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....hik Ranganathan and Mr.Rajesh Sivanandham For the Respondent : Mr.A.S.Sriraman for Mr.S.Sridhar JUDGMENT T.S.SIVAGNANAM, J. This appeal, at the instance of the revenue filed under Section 260A of the Income Tax Act, 1961 (the 'Act' for brevity), is directed against the order passed by the Income Tax Appellate Tribunal, Madras 'C' Bench, Chennai in ITA No.1021/Chny/2018 ....

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....itional depreciation to the following years?" 3. We have heard Mr.Karthik Ranganathan, learned counsel and Mr.Rajesh Sivanandham, learned counsel for the appellant / revenue and Mr.A.S.Sriraman, learned counsel for Mr.S.Sridhar, learned counsel for the respondent / assessee. 4. It is not disputed before us that the substantial questions of law raised for consideration have been answered agai....

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....ngs and ultimately, allowed the appeal filed by the assessee. In doing so, the Division Bench of this Court distinguished the decision in the case of M.M. Forgings by observing that the said case was not concerned with the issue with regard to right to carry forward the balance additional depreciation and followed the decision in the case of Commissioner of Income Tax, Madurai v. M/s Shri T.P. Tex....