https://www.taxtmi.com/caselaws?id=329217 The Appellate Tribunal partially allowed the appeal for statistical purposes, addressing the eligibility for additional depreciation on plant and machinery and entitlement for enhanced depreciation rate on Genset. The tribunal found that the new machinery in the sales outlet fell under the proviso to section 32(1)(iia) of the Act and allowed partial relief to the assessee. Additionally, the tribunal ruled in favor of the assessee regarding the claim of enhanced depreciation at 80% on the Genset, based on the definition of renewable energy devices, citing relevant case law. en-us Wed, 01 Jun 2016 00:00:00 +0530 Sat, 25 Jun 2016 11:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329217 The Appellate Tribunal partially allowed the appeal for statistical purposes, addressing the eligibility for additional depreciation on plant and machinery and entitlement for enhanced depreciation rate on Genset. The tribunal found that the new machinery in the sales outlet fell under the proviso to section 32(1)(iia) of the Act and allowed partial relief to the assessee. Additionally, the tribunal ruled in favor of the assessee regarding the claim of enhanced depreciation at 80% on the Genset, based on the definition of renewable energy devices, citing relevant case law. Case-Laws Income Tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329217