https://www.taxtmi.com/article/detailed?id=753 Section 32(1)(iia) permits a further deduction of fifteen per cent for qualifying new plant or machinery acquired and installed after the statutory cut off by an assessee engaged in manufacture or production, where a new undertaking begins production or an existing undertaking substantially expands installed capacity; the provision does not require operational connectivity between the new plant and the article already manufactured, so newly installed windmills increasing generation capacity satisfy the statutory conditions for additional depreciation even if electricity generation is not the assessee's principal business. en-us Mon, 12 Apr 2010 00:00:00 +0530 Mon, 12 Apr 2010 11:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=753 Section 32(1)(iia) permits a further deduction of fifteen per cent for qualifying new plant or machinery acquired and installed after the statutory cut off by an assessee engaged in manufacture or production, where a new undertaking begins production or an existing undertaking substantially expands installed capacity; the provision does not require operational connectivity between the new plant and the article already manufactured, so newly installed windmills increasing generation capacity satisfy the statutory conditions for additional depreciation even if electricity generation is not the assessee's principal business. Articles Income Tax Mon, 12 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=753