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of <h1>Printing and Publishing Qualify for Additional Depreciation Under Section 32(1)(iia) of Income Tax Act</h1> An assessee engaged in printing or printing and publishing is eligible to claim additional depreciation under section 32(1)(iia) of the Income Tax Act, 1961, as these activities constitute manufacture or production of an article or thing. This position has been upheld by the Kerala and Delhi High Courts, and the Central Board of Direct Taxes has accepted these rulings. Consequently, the issue is settled, and departmental officers are advised not to file or pursue appeals against claims for additional depreciation on this ground. Any pending appeals on this matter should be withdrawn or not pressed further.
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