https://www.taxtmi.com/article/detailed?id=6948 Additional depreciation under Section 32(1)(iia) grants an extra deduction for new plant and machinery (other than ships and aircraft) used in manufacture, production or, as amended, generation or distribution of power; provisos enhance rates for undertakings in notified backward areas, set out explicit exclusions, and provide that where assets are used for less than 180 days the allowance is restricted to fifty per cent in that year with the balance claimable in the immediately succeeding year. en-us Wed, 24 Aug 2016 10:22:05 +0530 Wed, 24 Aug 2016 10:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6948 Additional depreciation under Section 32(1)(iia) grants an extra deduction for new plant and machinery (other than ships and aircraft) used in manufacture, production or, as amended, generation or distribution of power; provisos enhance rates for undertakings in notified backward areas, set out explicit exclusions, and provide that where assets are used for less than 180 days the allowance is restricted to fifty per cent in that year with the balance claimable in the immediately succeeding year. Articles Income Tax Wed, 24 Aug 2016 10:22:05 +0530 https://www.taxtmi.com/article/detailed?id=6948