Failure to provide details for Commissioning of Assets on different dates to compute Depreciation: ITAT dismisses Appeal [Read Order]

When dismissing the assessee's appeal, the Income Tax Appellate Tribunal (ITAT), Ahmedabad bench noted that the assessee failed to provide information regarding the commissioning of assets on various dates in order to determine accurate depreciation
Commissioning of Assets - compute Depreciation - ITAT - Appeal - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, while dismissing the appeal filed by the assessee, observed that the assessee failed to provide details for the commissioning of assets on different dates to compute correct depreciation. The assessee, Dakshin Gujarat Vij. Co. Ltd, is an undertaking of the Government of Gujarat and came into existence…

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