https://www.taxtmi.com/caselaws?id=182630 The Tribunal allowed the appeal in part, holding that the Assessee is entitled to the mandatory deduction of additional depreciation under sec.32(1)(ii) of the Income Tax Act. The Tribunal directed the Assessing Officer to re-examine the claim and provide the Assessee with an opportunity to substantiate it with evidence, emphasizing the importance of statutory deductions and the need for a liberal interpretation of provisions in favor of the taxpayer. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 16 May 2016 14:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182630 The Tribunal allowed the appeal in part, holding that the Assessee is entitled to the mandatory deduction of additional depreciation under sec.32(1)(ii) of the Income Tax Act. The Tribunal directed the Assessing Officer to re-examine the claim and provide the Assessee with an opportunity to substantiate it with evidence, emphasizing the importance of statutory deductions and the need for a liberal interpretation of provisions in favor of the taxpayer. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182630