2020 (11) TMI 52

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....andham 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 dated 19.03.2019 for the Assessment Year 20....

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.....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 against the revenue in C.I.T. Vs. Aztec Auto (P.) Ltd., [2020] 119 Taxmann....

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....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. Textiles Private Limited in [TCA No.157 of 2017 dated 6-3- 2017], which was decide....