https://www.taxtmi.com/article/detailed?id=175 The key operative contention is that the statutory further deduction for new eligible plant and machinery is a mandatory, one time investment incentive payable in the year of acquisition irrespective of the period of use and that it should not be deducted in computing the written down value of the block. A purposive reading resolves the tension between the granting clause and the proviso limiting first year allowances for short use, treating the proviso reference as a drafting anomaly; amendment is recommended to expressly exclude the additional allowance from reduction of WDV. en-us Sat, 20 Sep 2008 00:00:00 +0530 Sat, 20 Sep 2008 16:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=175 The key operative contention is that the statutory further deduction for new eligible plant and machinery is a mandatory, one time investment incentive payable in the year of acquisition irrespective of the period of use and that it should not be deducted in computing the written down value of the block. A purposive reading resolves the tension between the granting clause and the proviso limiting first year allowances for short use, treating the proviso reference as a drafting anomaly; amendment is recommended to expressly exclude the additional allowance from reduction of WDV. Articles Income Tax Sat, 20 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=175