https://www.taxtmi.com/caselaws?id=194297 The ITAT Mumbai allowed the appeal of the assessee company regarding the disallowance of additional depreciation under Section 32(iia) of the Income Tax Act for plant and machinery added during a specific period. The ITAT ruled that there is no restriction for the assessee to claim the balance additional depreciation in the subsequent year if the full 20% depreciation was not claimed in the year of purchase. Consequently, the ITAT directed the Assessing Officer to allow the claim of 10% depreciation for the year under consideration. en-us Wed, 17 Sep 2014 00:00:00 +0530 Mon, 04 Sep 2017 17:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194297 The ITAT Mumbai allowed the appeal of the assessee company regarding the disallowance of additional depreciation under Section 32(iia) of the Income Tax Act for plant and machinery added during a specific period. The ITAT ruled that there is no restriction for the assessee to claim the balance additional depreciation in the subsequent year if the full 20% depreciation was not claimed in the year of purchase. Consequently, the ITAT directed the Assessing Officer to allow the claim of 10% depreciation for the year under consideration. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194297