Day: July 18, 2016

Additional depreciation u/s 32(1)(ii) on capital work in progress converted into plant and machinery erected, commissioned during the year allowable – ITAT

Additional depreciation u/s 32(1)(ii) on Capital Work in Progress converted into plant and machinery during the year is allowable – ITAT ABCAUS Case Law Citation: 976 2016 (07) ITAT Assessment Year: 2006-07 Date/Month of Judgment/Order: July 2016 Important Judgments Cited: JCIT vs. Lotus Energy (India) Ltd. 68 taxmann.com …