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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Clause 37 - Deduction for initial depreciation

        Direct Taxes Code Bill, 2009
        Chapter III - Part-D
        COMPUTATION OF TOTAL INCOME - D. - Income from business

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        Initial depreciation for new machinery: additional deduction in year of installation, restricted if used for less than the threshold period. Initial depreciation allows an additional deduction for manufacturers for qualifying new 'Machinery and Plant' assets that are unused previously, not installed in office or residential premises, and whose full cost has not been deducted; the allowance is based on actual cost and claimed in the year the asset is installed and used for business, but is halved if the asset is acquired and used for business for less than the statutory short use period in that year.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Initial depreciation for new machinery: additional deduction in year of installation, restricted if used for less than the threshold period.

                                Initial depreciation allows an additional deduction for manufacturers for qualifying new 'Machinery and Plant' assets that are unused previously, not installed in office or residential premises, and whose full cost has not been deducted; the allowance is based on actual cost and claimed in the year the asset is installed and used for business, but is halved if the asset is acquired and used for business for less than the statutory short use period in that year.


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