9911796707
TMI Blog1994 (11) TMI 25X X X X Extracts X X X X X X X X Extracts X X X X ..... arwood Estate Plantations Private Limited is one of the constituents of Barwood Estate which carries on the business of plantation with a common management with regard to the lands belonging to (1) Hariprasad, Coonoor, (2)Messrs. Gudalur Industrial and Agricultural Enterprises, Gudalur, and (3) Messrs. Barwood Plantations Private Limited, Gudalur. The Agricultural Income-tax Officer has computed t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppellate Assistant Commissioner confirmed the order passed by the Agricultural Income-tax Officer in determining the status of the assessee as association of individuals. On further appeal, the Appellate Tribunal confirmed the order passed by the Appellate Assistant Commissioner in the matter of confirming the status of the assessee as that of association of individuals. Before us, learned couns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g to the Agricultural Income-tax Officer, it relates to initial depreciation, which is not allowable under the Rules. Hence, it was disallowed. On appeal, the Appellate Assistant Commissioner confirmed the order passed by the Agricultural Income-tax Officer. So also on further appeal, the Tribunal confirmed the order passed by the Appellate Assistant Commissioner. Learned counsel for the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ible for the assessee to claim initial depreciation. Further, learned counsel for the assessee submitted that time should be granted to verify what is the nature of depreciation claimed by the assessee before the assessing authority. We consider that such request cannot be acceded to, because the Income-tax Officer as well as the Appellate As sistant Commissioner proceeded on the basis that the de ..... X X X X Extracts X X X X X X X X Extracts X X X X
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