https://www.taxtmi.com/caselaws?id=67807 The Tribunal allowed the appeal, ruling that the assessee was entitled to initial depreciation under s. 32(1)(vi) of the IT Act, 1961. It held that the machinery was installed for the purpose of manufacturing, even though the assessee had shifted to anodising work during the year. The Tribunal emphasized that the intention to carry on manufacturing was present, and the temporary discontinuation was due to unmarketable products. The decision highlights that eligibility for initial depreciation is based on the purpose for which machinery is installed, rather than the continuity of a specific business activity. en-us Sat, 27 Mar 1982 00:00:00 +0530 Mon, 14 Mar 2011 16:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67807 The Tribunal allowed the appeal, ruling that the assessee was entitled to initial depreciation under s. 32(1)(vi) of the IT Act, 1961. It held that the machinery was installed for the purpose of manufacturing, even though the assessee had shifted to anodising work during the year. The Tribunal emphasized that the intention to carry on manufacturing was present, and the temporary discontinuation was due to unmarketable products. The decision highlights that eligibility for initial depreciation is based on the purpose for which machinery is installed, rather than the continuity of a specific business activity. Case-Laws Income Tax Sat, 27 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67807