COMMISSIONER OF INCOME TAX Vs. HONDA SIELPOWER PRODUCTS LTD.
HIGH COURT OF DELHI
COMMISSIONER OF INCOME TAX
Honda Sielpower Products Ltd.
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(1.) THE issue raised in the present appeal is with regard to the increased claim of depreciation under s. 43A of the IT Act, 1961 on
the increased liability due to foreign exchange rate fluctuation on the last date of the previous year.
(2.) A Division Bench of this Court in CIT vs. Woodward Governor India (P) Ltd. (2007) 162 Taxman 60 (Del) has held that the assessee is entitled to the claim of depreciation.
(3.) UNDER the circumstances, no substantial question of law arises and the appeal is dismissed.;
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