Assessee is entitled for additional depreciation not claimed in preceding year

DCIT Vs TVS Motor Company Limited (ITAT Chennai)

ITAT Chennai held that the assessee is entitled for its claim of additional depreciation qua amounts not claimed in the preceding year. Thus, claim of the additional depreciation made during the year is allowed.

Facts- Revenue has preferred the present appeal. It is contested that CIT(A) has erred in deleting an addition of Rs.16,71,32,882/- made by the AO on claim of additional depreciation. It is the case of the assessee that correct amount of additional depreciation was only Rs.1,64,60,585/- and not Rs.16,7

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