https://www.taxtmi.com/caselaws?id=248898 The ITAT allowed the Assessee's appeal regarding the allowability of additional depreciation on the installation of embroidery machines. The decision was based on the findings that the Assessee was engaged in embroidery work and previous tribunal decisions supported the eligibility of the Assessee for additional depreciation on the machinery. The ITAT directed the A.O to allow the Assessee's claim, thereby overturning the decisions of the A.O and CIT(A) and ruling in favor of the Assessee. en-us Fri, 06 Jun 2014 00:00:00 +0530 Sat, 28 Jun 2014 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248898 The ITAT allowed the Assessee's appeal regarding the allowability of additional depreciation on the installation of embroidery machines. The decision was based on the findings that the Assessee was engaged in embroidery work and previous tribunal decisions supported the eligibility of the Assessee for additional depreciation on the machinery. The ITAT directed the A.O to allow the Assessee's claim, thereby overturning the decisions of the A.O and CIT(A) and ruling in favor of the Assessee. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248898