ITAT Chandigarh Upholds Deletion of Additions on Depreciation, Stock & GP

Advertisement DCIT Vs Aarti International Limited (ITAT Chandigarh) The appeal before ITAT Chandigarh involves the Revenue challenging the order of the CIT(A)-5, Ludhiana, dated 27/12/2024, for Assessment Year 2018-19 concerning Aarti International Limited. The Revenue raised multiple grounds contesting the deletion of various additions made by the Assessing Officer (AO) in the scrutiny assessment following a survey under section 133A on 14/03/2018. The AO had disallowed depreciation and additional depreciation of Rs. 12,15,02,719/- for machinery at the Machiwara unit, citing that the unit ...