https://www.taxtmi.com/caselaws?id=325926 The Tribunal allowed the appeals of the assessee for both assessment years, holding that the assessee is entitled to claim additional depreciation under section 32(1)(iia) of the Income Tax Act. The judgment emphasized that the manufacturing of pipes, even if part of the larger business operation, qualifies as a manufacturing activity eligible for additional depreciation. en-us Wed, 30 Mar 2016 00:00:00 +0530 Fri, 01 Apr 2016 11:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325926 The Tribunal allowed the appeals of the assessee for both assessment years, holding that the assessee is entitled to claim additional depreciation under section 32(1)(iia) of the Income Tax Act. The judgment emphasized that the manufacturing of pipes, even if part of the larger business operation, qualifies as a manufacturing activity eligible for additional depreciation. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325926