additional depreciation 32(1)(iia)

  • Income Tax

Additional depreciation on revenue expenditure on installation of plant & machinery allowable

Additional depreciation on revenue expenditure on installation of plant and machinery allowable. ITAT directs AO to delete the addition ABCAUS…

5 years ago
  • Income Tax

Additional depreciation on small items engaged in manufacturing of food products allowed

Additional depreciation on small items engaged in manufacturing of food products allowed. It cannot be denied for installing items at…

5 years ago
  • Income Tax

Additional depreciation us 32(1)(iia)-There is no provision for postponement or carry forward to next financial year

In a recent judgment, ITAT Chennai has held that the assessee is not entitled to additional depreciation u/s.32(1)(iia) of the…

8 years ago