Assessee not entitled to depreciation on a plant which is not in operation since its capitalization

DECIDED BY: ITAT, HYDERABAD BENCH `B’, HYDERAD, IN THE CASE OF: Sponge Iron India Ltd. Vs. DCIT,  APPEAL NO: ITAT No. 410 & 411/Hyd/2007, DECIDED ON May 21, 2010. ______ORDER________ Per Chandra Poojari, Accountant Member These two appeals preferred by the assessee are directed against different orders passed by the CIT(A) –IV, Hyderabad dated 38.4.2006 and pertains to the assessment years 2001-02 & 2003-04. Since common issues are involved in these two appeals, they are clubbed together, heard together and disposed off vide this common order for the sake of convenience. 2. In bot...