https://www.taxtmi.com/caselaws?id=242371 Additional depreciation under section 32(1)(iia) was allowed because the new machinery was acquired and installed after the statutory cut-off date of 31 March 2005. Although the invoice was on CIF terms and an earlier contractual date was relied on, the bill of entry and octroi documents showed entry into India on 11 April 2005, and installation could not have occurred before physical arrival. On that record, the allowance was not erroneous or prejudicial to the Revenue, so revision under section 263 was not sustainable and was quashed. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 14 Jan 2014 09:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242371 Additional depreciation under section 32(1)(iia) was allowed because the new machinery was acquired and installed after the statutory cut-off date of 31 March 2005. Although the invoice was on CIF terms and an earlier contractual date was relied on, the bill of entry and octroi documents showed entry into India on 11 April 2005, and installation could not have occurred before physical arrival. On that record, the allowance was not erroneous or prejudicial to the Revenue, so revision under section 263 was not sustainable and was quashed. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242371