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.

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