The Tax Publishers2021 TaxPub(DT) 0461 (Chen-Trib)

IN THE ITAT, CHENNAI BENCH

DUVVURU RL REDDY, J.M. & G. MANJUNATHA, A.M.

High Energy Batteries India Ltd. v. ITO

ITA No. 1258/Chny/2018

4 December, 2020

In favour of Assessee.

Appellant by: G. Baskar, Advocate

Respondent by: AR.V. Sreenivasan, Addl. CIT

ORDER

Duvvuru RL Reddy, J.M.

This appeal filed by the assessee is directed against the order of the learned Commissioner (Appeals) 6, Chennai, dt. 30-1-2018 relevant to the assessment year 2012-13. The assessee has raised the following grounds:

1.1 The Commissioner (Appeals) erred in confirming the action of the assessing officer in allowing only depreciation @15% on Bolero Van as against the claim by the Appellant that it should be totally allowed as an expenditure.

1.2 The Commissioner (Appeals) failed to note that since the vehicle is being used for research and development its entire cost is entitled for 100% deduction under section 35(1)(iv) of the Income Tax Act.

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