2017 (10) TMI 1641

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....Mr. B. Ramakrishnan, CA ORDER PER GEORGE MATHAN, JUDICIAL MEMBER: ITA No.1271/Mds/2016 is an appeal filed by the Revenue against the Order of the Commissioner of Income Tax (Appeals)-1, Madurai, in ITA No. 0072/2015-16 dated 24.02.2016 for the AY 2012-13. 2. Mr. ARV. Sreenivasan, JCIT represented on behalf of the Revenue and Mr. B. Ramakrishnan, CA, represented on behalf of the assessee. 3. I....

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....ee's claim of additional depreciation on the ground that the provisions of Sec.2(29BA) defining the term 'manufacture' introduced w.e.f. 01.04.2009 provided for any change in a non-living physical object resulting in transformation of the object into a new and distinct object having a different name, character and use. It was a submission that the Ld.CIT(A) had relied upon by the decision of the H....

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....ssee is engaged in the business of generation of power exclusively, the assessee would be entitled to the benefit of additional depreciation. The Ld.AR further placed before us copies of the Assessment Order for the AY 2003-04, wherein under scrutiny assessment, the assessee has been granted the benefit of deduction u/s. 80HHC. It was a submission that as per the provisions of Sec. 80HHC(3)(a), th....