https://www.taxtmi.com/caselaws?id=261146 The Hon'ble Madras High Court upheld the assessee's right to claim higher depreciation for the assessment years 2005-06 and 2006-07, based on the interpretation of Section 32(i)(iia) of the Income Tax Act. The decision was supported by previous case law and the dismissal of the Revenue's appeals by the ld. CIT(Appeals) due to the absence of evidence of modification or reversal by the Supreme Court. Consequently, the assessee's entitlement to the claimed depreciation was affirmed for the specified assessment years. en-us Thu, 26 Jun 2014 00:00:00 +0530 Fri, 03 Jul 2015 07:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261146 The Hon'ble Madras High Court upheld the assessee's right to claim higher depreciation for the assessment years 2005-06 and 2006-07, based on the interpretation of Section 32(i)(iia) of the Income Tax Act. The decision was supported by previous case law and the dismissal of the Revenue's appeals by the ld. CIT(Appeals) due to the absence of evidence of modification or reversal by the Supreme Court. Consequently, the assessee's entitlement to the claimed depreciation was affirmed for the specified assessment years. Case-Laws Income Tax Thu, 26 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261146