https://www.taxtmi.com/caselaws?id=262649 The High Court of Calcutta ruled in favor of the assessee, allowing the claim for additional depreciation under clause (iia) of section 32(1) of the Income-tax Act, 1961 for new machinery or plant acquired after March 31, 2005. The Court held that eligibility for additional depreciation under clause (iia) is separate from the original depreciation claim under clause (i) of section 32(1), irrespective of the type of assets involved. en-us Thu, 20 Nov 2014 00:00:00 +0530 Mon, 17 Aug 2015 06:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262649 The High Court of Calcutta ruled in favor of the assessee, allowing the claim for additional depreciation under clause (iia) of section 32(1) of the Income-tax Act, 1961 for new machinery or plant acquired after March 31, 2005. The Court held that eligibility for additional depreciation under clause (iia) is separate from the original depreciation claim under clause (i) of section 32(1), irrespective of the type of assets involved. Case-Laws Income Tax Thu, 20 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262649