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2020 (3) TMI 1432
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.... These two assessee's appeals for assessment years 2009-10 & 2010-11 arise against the Commissioner of Income Tax (Appeals), Jamshedpur dated 12.09.2017 & 15.09.2017 passed in case no.45&44/JSR/2016-17 involving proceedings u/s 154/143(3)/144C(3) of the Income Tax Act, 1961 (in short 'the Act'). Heard both the parties. Case file perused. 2. Apart from assessee's identical legal ground cha....
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....payer as well. We find no merit in Revenue's foregoing argument in light of hon'ble Madras high court's decision in M/s Brakes India Limited vs. DCIT T.C.A no.551 of 2013 dated 14.03.2017 has already reversed tribunal's coordinate bench's order (2017) 82 taxmann.com 238 (Chennai-Trib) accepting the Revenue's stand. Their lordships held that not only the impugned depreciation relief is admissible i....