https://www.taxtmi.com/caselaws?id=339255 The appeal challenged the disallowance of additional depreciation claimed for machinery installed in the previous year. The authorities disallowed the claim, stating it should be restricted to the year of installation. The appellant argued that the balance of additional depreciation was claimed in the current year due to late installation. The Tribunal, following a liberal interpretation of the provision, allowed the claim for additional depreciation, setting aside the disallowance made by the lower authorities. en-us Wed, 15 Feb 2017 00:00:00 +0530 Wed, 22 Feb 2017 20:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339255 The appeal challenged the disallowance of additional depreciation claimed for machinery installed in the previous year. The authorities disallowed the claim, stating it should be restricted to the year of installation. The appellant argued that the balance of additional depreciation was claimed in the current year due to late installation. The Tribunal, following a liberal interpretation of the provision, allowed the claim for additional depreciation, setting aside the disallowance made by the lower authorities. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339255