Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of Anil Chaturvedi, Accountant Member and Anubhav Sharma, Judicial Member granted relief to Vibracoustic India as it allows additional depreciation claim on plant and machinery. Assessee, Vibracoustic India Pvt. Ltd is a company stated to be engaged in the business of manufacturing anti-vibration auto parts. Assessee…
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