https://www.taxtmi.com/caselaws?id=245926 The ITAT reversed the FAA's decision and allowed the appeal filed by the assessee, determining that the assessee was eligible to claim additional depreciation based on the acquisition and installation of assets as per the provisions of section 32(1)(iia) of the Act. The ITAT emphasized that the installation date, not the acquisition year, was crucial for claiming additional depreciation, and accepted additional evidence submitted by the assessee during the hearing to support their claim. en-us Wed, 02 Apr 2014 00:00:00 +0530 Sat, 12 Apr 2014 12:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245926 The ITAT reversed the FAA's decision and allowed the appeal filed by the assessee, determining that the assessee was eligible to claim additional depreciation based on the acquisition and installation of assets as per the provisions of section 32(1)(iia) of the Act. The ITAT emphasized that the installation date, not the acquisition year, was crucial for claiming additional depreciation, and accepted additional evidence submitted by the assessee during the hearing to support their claim. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245926