https://www.taxtmi.com/caselaws?id=266134 The Tribunal upheld the Assessee's entitlement to additional depreciation under section 32(1)(iia) for machinery used in embroidery work on fabrics. The decision was based on legal precedents supporting the allowance of additional depreciation for such machinery, as established in previous Tribunal orders and Supreme Court rulings. The Revenue's appeal challenging the grant of additional depreciation and the Assessee's Cross Objection were both dismissed by the Tribunal. en-us Fri, 20 Feb 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266134 The Tribunal upheld the Assessee's entitlement to additional depreciation under section 32(1)(iia) for machinery used in embroidery work on fabrics. The decision was based on legal precedents supporting the allowance of additional depreciation for such machinery, as established in previous Tribunal orders and Supreme Court rulings. The Revenue's appeal challenging the grant of additional depreciation and the Assessee's Cross Objection were both dismissed by the Tribunal. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266134