Itta/32/2003 Of Commissioner Of Income Tax Hyd v. Detective Devices Pvt.ltd. Hyd

THE HON’BLE SRI JUSTICE L.NARASIMHA REDDYANDTHE HON’BLE SRI JUSTICE CHALLA KODANDARAMI.T.T.A.No.32 of 2003 ORDER:(Per LNR,J) In this appeal, the only question that arises forconsideration is as to whether the gas cylinders that arepurchased by the respondent must be treated asindividual units or they must be treated as part of a largerunit in the context of allowing depreciation. In common order, dated 23.07.2014 passed by us inI.T.T.A.Nos.8 and 44 of 2002, we took the view that thecylinders must be treated as individual units and thatsince the value of cost of each cylinder is less thanRs.5,000/-, the depreciation to the extent of entire cost must be allowed. Following the same, we dismiss the appeal. The miscellaneous petition filed in this appeal shallalso stand disposed of. There shall be no order as tocosts. ______________________ L.NARASIMHA REDDY, J 27.08.2014JSU ______________________ CHALLA KODANDA RAM, J THE HON’BLE SRI JUSTICE L.NARASIMHA REDDYAND THE HON’BLE SRI JUSTICE CHALLA KODANDARAM I.T.T.A.No.32 of 2003 JSU Date: 27.08.2014