https://www.taxtmi.com/caselaws?id=277207 The Tribunal allowed the appeal of the assessee regarding the disallowance of additional depreciation under section 32(1)(ii) of the Income Tax Act for the assessment year 2008-09. The Tribunal held that the assessee was entitled to claim the remaining 10% of the additional depreciation amounting to Rs. 2,04,84,781/- in the subsequent year. The orders of the lower authorities were set aside, directing the Assessing Officer to allow the balance 50% of depreciation for the relevant assessment year. The issue of reopening the assessment was not adjudicated as it was deemed academic. en-us Wed, 24 Aug 2016 00:00:00 +0530 Thu, 29 Nov 2018 07:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277207 The Tribunal allowed the appeal of the assessee regarding the disallowance of additional depreciation under section 32(1)(ii) of the Income Tax Act for the assessment year 2008-09. The Tribunal held that the assessee was entitled to claim the remaining 10% of the additional depreciation amounting to Rs. 2,04,84,781/- in the subsequent year. The orders of the lower authorities were set aside, directing the Assessing Officer to allow the balance 50% of depreciation for the relevant assessment year. The issue of reopening the assessment was not adjudicated as it was deemed academic. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277207