https://www.taxtmi.com/caselaws?id=181714 The Tribunal upheld that the assessee was entitled to additional depreciation under section 32(1)(iia) of the Income Tax Act, 1961, for engaging in embroidery work on fabrics, resulting in the production of new articles with different commercial value. The appeal by the Revenue against the deletion of the disallowance of additional depreciation for the assessment year 2007-08 was dismissed, aligning with the principles established by the Supreme Court and a previous decision of ITAT, 'SMC' Bench, Ahmedabad. en-us Fri, 29 Oct 2010 00:00:00 +0530 Fri, 22 Apr 2016 14:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181714 The Tribunal upheld that the assessee was entitled to additional depreciation under section 32(1)(iia) of the Income Tax Act, 1961, for engaging in embroidery work on fabrics, resulting in the production of new articles with different commercial value. The appeal by the Revenue against the deletion of the disallowance of additional depreciation for the assessment year 2007-08 was dismissed, aligning with the principles established by the Supreme Court and a previous decision of ITAT, 'SMC' Bench, Ahmedabad. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181714