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2016 (12) TMI 406 - BOMBAY HIGH COURTAdditional depreciation under Section 32(1)(iia) - assessees were carrying out processing of iron ore - Held that:- On perusal of the order passed by the CIT(A) we find that it is clearly noted therein that the ITAT while allowing the additional depreciation for the Assessment Year 2002-03 had clearly considered that the respondent/ assessee was engaged in the business of extraction and processing of iron ore. It is also not in dispute that even for the relevant Assessment Years 2006-07 and 2007-08, the same activities were being carried out by the respondents/assessees. In such circumstances, the contention of Ms. Asha Desai, learned Counsel appearing for the appellant that the respondent/assessee were carrying out only processing of the iron ore and not carrying out extraction and processing of the iron ore cannot be accepted. Thus we find that the substantial questions of law proposed by the appellant would no longer survive for the reasons recorded in the case of Commissioner of Income-tax, Goa vs. Salgaonkar & Brothers (P.) Ltd., (2014 (4) TMI 1156 - BOMBAY HIGH COURT). - Decided in favour of assessee
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