2015 (10) TMI 1409

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..... ent : : Shri Sunil Kedia, A.R. ORDER PER MUKUL KUMAR SHRAWAT, JUDICIAL MEMBER The Revenue is in Appeal and the Assessee is in Cross Objection arising from the order of learned CIT(A)-II, Surat, dated 30.05.2011. The Revenue has objected the grant of additional depreciation u/s.32(1)(iia). 2. Facts in brief as emerged from the corresponding assessment order passed u/s.143(3) dated 30th of Se .....

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..... r dated 27.05.2011 wherein the decision of Hon'ble ITAT 'SMC' Ahmedabad pronounced in the case Haripriya Processor Pvt. Ltd. (ITA No.1569/Ahd/2010 order dated 8.9.2009) was followed and held that in a situation when the Assessee is in the business of embroidery processing and for that machinery was installed then he is entitled for additional depreciation u/s.32(1)(iia). We have also noted that th .....

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