Depreciation not allowable on assets never been put to use

ITAT CHENNAI BENCH ‘B’ Superfil Products Ltd. versus Assistant Commissioner of Income-tax IT Appeal NO. 2053 (MDS.) OF 2011 [A.Y. 1998-99] Date of Pronouncement- 12.10.2012 ORDER Challa Nagendra Prasad, Judicial Member This is an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals)-VI, Chennai dated 25.10.2011 in ITA No.423/10-11 for the Asst. Year 1998-99. The first issue in the grounds of appeal of the assessee is that the Commissioner of Income Tax (Appeals) has erred in confirming the dis allowance of Rs. 43,88,823/- made b...