https://www.taxtmi.com/caselaws?id=339400 The Appellate Tribunal partially allowed the appeal, granting relief to the appellant concerning the issue of claiming additional depreciation on diagnostic/service equipment. The Tribunal held that the appellant, despite not being a manufacturer, was eligible for additional depreciation on the medical equipment placed at hospitals. The Tribunal emphasized that operational connectivity to existing manufacturing activities was not required to claim additional depreciation under Section 32(1)(iia). Consequently, the appellant's claim was allowed, and the challenge to the validity of the re-assessment proceedings was dismissed. en-us Wed, 15 Feb 2017 00:00:00 +0530 Tue, 21 Feb 2017 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339400 The Appellate Tribunal partially allowed the appeal, granting relief to the appellant concerning the issue of claiming additional depreciation on diagnostic/service equipment. The Tribunal held that the appellant, despite not being a manufacturer, was eligible for additional depreciation on the medical equipment placed at hospitals. The Tribunal emphasized that operational connectivity to existing manufacturing activities was not required to claim additional depreciation under Section 32(1)(iia). Consequently, the appellant's claim was allowed, and the challenge to the validity of the re-assessment proceedings was dismissed. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339400