Case Law Details
Gail (India) Ltd. Vs Addl. CIT (ITAT Delhi)
The rebuttal of the assessee have been considered thoroughly with the relevant documentary evidences referred therein and placed in the paper book. Considering the facts in totality, we are of the considered view that assessee has successfully commissioned the Jamnagar Loni Pipeline and the LPG Gas Processing Plant Gandhar and is very much eligible for claim of depreciation on the capitalised cost thereon. We accordingly, direct the AO to allow the depreciation of Jamnagar Loni Pipeline and Gandhar Plant. Ground No. 10 is accordingly allowed.
FULL TEXT OF THE ITAT JUDGEMENT
ITA Nos. 301/Del/2006; 858/Del/2006 & 859/Del/2006 are 03 separate appeals filed by the Assessee against the 03 separate orders of the Ld. CIT(A), New Delhi for the assessment years 200001, 2001-02 & 2002-03 respectively. Since common grounds are involved in all these appeals which were heard together and are being disposed of by this common order for the sake of convenience.
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