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TMI Blog2015 (2) TMI 1341X X X X Extracts X X X X X X X X Extracts X X X X ..... cost at which they have been acquired? - HELD THAT:- As of now the issue stands concluded against the Revenue by the decision of this Court in M/s. Essar Oil Ltd [ 2011 (7) TMI 1371 - BOMBAY HIGH COURT] - In these circumstances, we see no reason to keep this appeal pending till the decision of the Apex Court in M/s. Essar Oil Ltd. (supra). - INCOME TAX APPEAL NO.387 OF 2013 - - - Dated:- 23-2-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the CIT(A), directing the AO to allow depreciation on the assets acquired from Tata Motors Ltd in the FY 200607 relevant to the AY 2007-08, at the cost at which they have been acquired, ignoring that during the relevant assessment year the assessee continued to be 100% subsidiary of the transferor company as the transfer of shares of the assessee company to Tata Sons Ltd. was made only in subsequ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31st August, 2012 dismissed the Revenue's Appeal by following the decision of this Court in the case of CIT v/s. M/s. Essar Oil Ltd. (Income Tax Appeal No.3160 of 2010) rendered on 7th July, 2011. Parties are agreed with that the issues arising in the present appeal stands concluded by order of this Court in M/s. Essar Oils Ltd. (supra). 4 As stated in the memo of appeal, the Revenue has fi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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