https://www.taxtmi.com/caselaws?id=182619 The Tribunal allowed the assessee's claim for additional depreciation on new plant & machinery installed after 31-03-2002, as both acquisition and installation conditions were met. The Chartered Accountant's certification of a 25% capacity increase was accepted as evidence. Disallowance of depreciation on new plant and machinery installation was reversed as evidence showed completion before 31-03-2003. The claim for gratuity amount deduction was approved, resulting in the deletion of the disallowance. The appeal was allowed, directing the AO to permit the claimed depreciation. en-us Mon, 09 Nov 2009 00:00:00 +0530 Mon, 16 May 2016 11:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182619 The Tribunal allowed the assessee's claim for additional depreciation on new plant & machinery installed after 31-03-2002, as both acquisition and installation conditions were met. The Chartered Accountant's certification of a 25% capacity increase was accepted as evidence. Disallowance of depreciation on new plant and machinery installation was reversed as evidence showed completion before 31-03-2003. The claim for gratuity amount deduction was approved, resulting in the deletion of the disallowance. The appeal was allowed, directing the AO to permit the claimed depreciation. Case-Laws Income Tax Mon, 09 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182619