ITAT allows Depreciation on crates and bottles

Aradhana Foods and Juices P. Ltd. Vs DCIT (ITAT Delhi) ITAT Delhi held that it is settled principle of law that crates and bottles have been allowed depreciation. Accordingly, the claim of depreciation is allowable. Facts- The ld DR supported the assessment order and submitted that AO was quite correct and justified in making disallowance of Rs. 1,60,36,627/- on account of excess depreciation claim on crates by included in block ‘bottles and shell’. The ld DR submitted that the ld CIT(A) granted relief to the assessee without any basis therefore, the impugned first appellate order may kind...