https://www.taxtmi.com/caselaws?id=177243 The Appellate Tribunal upheld the CIT(A)'s decision to allow additional depreciation at 20% on plant and machinery for an assessee engaged in printing and publishing activities. The Tribunal dismissed the Revenue's appeal, citing that printing of newspapers constituted manufacturing activity, making the assessee eligible for the additional depreciation under section 32(1)(iia) of the Income Tax Act. The decision was based on precedents from various High Courts and a CBDT circular, ultimately favoring the assessee's claim for additional depreciation. en-us Fri, 25 Jul 2014 00:00:00 +0530 Tue, 05 Jan 2016 22:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177243 The Appellate Tribunal upheld the CIT(A)'s decision to allow additional depreciation at 20% on plant and machinery for an assessee engaged in printing and publishing activities. The Tribunal dismissed the Revenue's appeal, citing that printing of newspapers constituted manufacturing activity, making the assessee eligible for the additional depreciation under section 32(1)(iia) of the Income Tax Act. The decision was based on precedents from various High Courts and a CBDT circular, ultimately favoring the assessee's claim for additional depreciation. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177243