https://www.taxtmi.com/forum/issue?id=108090 The Finance Bill 2015 proposes that the balance 50% of additional depreciation on new plant or machinery not allowed in the year of acquisition because the asset was used for less than the prescribed usage-period shall be allowed in the immediately succeeding previous year, thereby removing the discrimination between assets used for shorter and longer periods in the year of acquisition and encouraging investment by the manufacturing and power sectors. en-us Sat, 28 Feb 2015 18:50:54 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108090 The Finance Bill 2015 proposes that the balance 50% of additional depreciation on new plant or machinery not allowed in the year of acquisition because the asset was used for less than the prescribed usage-period shall be allowed in the immediately succeeding previous year, thereby removing the discrimination between assets used for shorter and longer periods in the year of acquisition and encouraging investment by the manufacturing and power sectors. Discussion-Forum Income Tax Sat, 28 Feb 2015 18:50:54 +0530 https://www.taxtmi.com/forum/issue?id=108090