https://www.taxtmi.com/caselaws?id=242371 The ITAT Chandigarh ruled in favor of the assessee, overturning the Revisionary order u/s 263 by the Ld. Commissioner. The dispute centered on the eligibility for additional depreciation on machinery purchased, with the ITAT emphasizing the necessity of both acquisition and installation post 31.3.2005 as per section 32(1)(iia). The ITAT considered documentary evidence of the machinery's arrival and installation dates, ultimately quashing the Revisionary order and allowing the assessee's appeal for additional depreciation. 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 The ITAT Chandigarh ruled in favor of the assessee, overturning the Revisionary order u/s 263 by the Ld. Commissioner. The dispute centered on the eligibility for additional depreciation on machinery purchased, with the ITAT emphasizing the necessity of both acquisition and installation post 31.3.2005 as per section 32(1)(iia). The ITAT considered documentary evidence of the machinery's arrival and installation dates, ultimately quashing the Revisionary order and allowing the assessee's appeal for additional depreciation. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242371