https://www.taxtmi.com/caselaws?id=327739 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to permit the remaining 10% of the additional depreciation claimed in the subsequent year under Section 32(1)(iia) of the Income-tax Act, 1961. The Tribunal emphasized the liberal interpretation of beneficial legislation to benefit the assessee and cited precedent cases supporting the carry-forward of unclaimed depreciation. The lower authorities' decisions disallowing the balance were set aside, granting relief to the assessee. en-us Thu, 07 Apr 2016 00:00:00 +0530 Mon, 16 May 2016 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327739 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to permit the remaining 10% of the additional depreciation claimed in the subsequent year under Section 32(1)(iia) of the Income-tax Act, 1961. The Tribunal emphasized the liberal interpretation of beneficial legislation to benefit the assessee and cited precedent cases supporting the carry-forward of unclaimed depreciation. The lower authorities' decisions disallowing the balance were set aside, granting relief to the assessee. Case-Laws Income Tax Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327739