Additional depreciation not allowable if Assessee not started manufacturing on the date of Purchase

IN THE ITAT CHENNAI BENCH ‘D’ Shiva Cargo Movers Ltd. V/s. Deputy Commissioner of Income-tax IT APPEAL NO. 742 (MDS.) OF 2012 [ASSESSMENT YEAR 2005-06] JUNE 15, 2012 ORDER Abraham P. George, Accountant Member In this appeal filed by the Assessee, its grievance is that additional depreciation claimed by it under Section 32(1)(iia) of the Income Tax Act, 1961 (in short ‘the Act’) on the wind mill installed and used by it during the relevant previous year was not allowed to it. 2. Short facts apropos are that assessee engaged in the business of transport...