2018 (9) TMI 1565 - SCH - Income Tax

Denial of depreciation on plant and machinery - asset was to be used for trial production business of manufacture of Clinker - period of time asset being used - Held that - The Special Leave Petition is dismissed leaving the question of law open. Pending applications, if any, stand disposed of.

Summary

The Supreme Court dismissed the Special Leave Petition, condoned the delay, and left the question of law open. Pending applications were disposed of. The judges were Justice A.K. Sikri and Justice Ashok Bhushan.