https://www.taxtmi.com/caselaws?id=214859 The Tribunal upheld the denial of the Assessee's claim for additional depreciation under Section 32(1)(iia) of the Income Tax Act. It concluded that the Assessee, previously engaged in transportation, did not qualify as being in the business of manufacturing or production to claim the depreciation on a wind mill installation used for less than 180 days. The Tribunal emphasized the necessity of engaging in manufacturing or production activities to be eligible for the additional depreciation benefit, distinguishing the case from instances where other activities were considered industrial undertakings. en-us Fri, 15 Jun 2012 00:00:00 +0530 Sat, 14 Jul 2012 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214859 The Tribunal upheld the denial of the Assessee's claim for additional depreciation under Section 32(1)(iia) of the Income Tax Act. It concluded that the Assessee, previously engaged in transportation, did not qualify as being in the business of manufacturing or production to claim the depreciation on a wind mill installation used for less than 180 days. The Tribunal emphasized the necessity of engaging in manufacturing or production activities to be eligible for the additional depreciation benefit, distinguishing the case from instances where other activities were considered industrial undertakings. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214859