Additional depreciation was allowable on purchase of Raw Material and making packing material

Madhuri Refiners Private Ltd. Vs DCIT (ITAT Indore)

Conclusion: Additional depreciation on purchase of raw material and making packing material was manufacture as the final product was a commercially, physically and chemically different and a very important factor that the assessee had been consistently regarded as “manufacture” by various Government Department and Agencies.

Held: AO observed that assessee had claimed additional depreciation u/s 32(1)

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