Held, that the Assessing Officer was to allow the depreciation on molasses tanks making the correct computation in respect of new assets and the correct written down value of the molasses tanks, considering the submissions placed on record. The assessee was directed to furnish all the details and documentary evidence in support of its claim for due verification by the Assessing Officer to assist him in arriving at the correct amount of depreciation allowable on the molasses tanks.(AY.2012-13)