https://www.taxtmi.com/caselaws?id=349376 The Tribunal ruled in favor of the assessee, allowing the claimed additional depreciation of Rs. 5,93,23,320. It held that the activity of drying and threshing tobacco constituted manufacturing, aligning with section 32(iia) of the Income Tax Act, 1961. The decision was supported by legal precedents, including a judgment from the Madras High Court, which deemed the conversion of raw tobacco into a different commodity through processing as manufacturing activity. The Tribunal dismissed the revenue's appeal, affirming the eligibility of the assessee for the additional depreciation. en-us Fri, 06 Oct 2017 00:00:00 +0530 Wed, 11 Oct 2017 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349376 The Tribunal ruled in favor of the assessee, allowing the claimed additional depreciation of Rs. 5,93,23,320. It held that the activity of drying and threshing tobacco constituted manufacturing, aligning with section 32(iia) of the Income Tax Act, 1961. The decision was supported by legal precedents, including a judgment from the Madras High Court, which deemed the conversion of raw tobacco into a different commodity through processing as manufacturing activity. The Tribunal dismissed the revenue's appeal, affirming the eligibility of the assessee for the additional depreciation. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349376