https://www.taxtmi.com/caselaws?id=256056 The Tribunal upheld the disallowance of additional depreciation on plant and machinery, ruling that the activities did not meet the criteria for manufacturing or production of an article or thing. However, the Tribunal allowed the re-computation of normal depreciation based on the enhanced value of assets, pending the outcome of the High Court appeal. The appeal was partially allowed, with the Tribunal directing the AO to adjust depreciation calculations accordingly. en-us Tue, 13 Jan 2015 00:00:00 +0530 Tue, 03 Feb 2015 06:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256056 The Tribunal upheld the disallowance of additional depreciation on plant and machinery, ruling that the activities did not meet the criteria for manufacturing or production of an article or thing. However, the Tribunal allowed the re-computation of normal depreciation based on the enhanced value of assets, pending the outcome of the High Court appeal. The appeal was partially allowed, with the Tribunal directing the AO to adjust depreciation calculations accordingly. Case-Laws Income Tax Tue, 13 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256056