https://www.taxtmi.com/caselaws?id=339156 The Tribunal allowed the appeal, granting the assessee the entitlement for additional depreciation on plant & machinery. The Tribunal concluded that the assessee's activities of granite quarrying, cutting, and polishing constituted manufacturing or production of articles, based on legal precedents and the nature of the activities, making them eligible for additional depreciation under section 32(1)(iia) of the Income Tax Act. This decision reversed the earlier decision of the Commissioner of Income Tax (Appeals) disallowing the claim for additional depreciation. en-us Fri, 17 Feb 2017 00:00:00 +0530 Sat, 18 Feb 2017 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339156 The Tribunal allowed the appeal, granting the assessee the entitlement for additional depreciation on plant & machinery. The Tribunal concluded that the assessee's activities of granite quarrying, cutting, and polishing constituted manufacturing or production of articles, based on legal precedents and the nature of the activities, making them eligible for additional depreciation under section 32(1)(iia) of the Income Tax Act. This decision reversed the earlier decision of the Commissioner of Income Tax (Appeals) disallowing the claim for additional depreciation. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339156