https://www.taxtmi.com/caselaws?id=378988 The tribunal allowed the assessee's claim for the balance additional depreciation for AY 2011-12 and AY 2012-13, following the precedent set by the Hon'ble Madras High Court. The tribunal directed the AO to verify the correctness of the amounts claimed for additional depreciation in successive years and allow the balance 50% additional depreciation accordingly, emphasizing the legislative intent to encourage investment in new plant and machinery. en-us Mon, 22 Apr 2019 00:00:00 +0530 Wed, 24 Apr 2019 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378988 The tribunal allowed the assessee's claim for the balance additional depreciation for AY 2011-12 and AY 2012-13, following the precedent set by the Hon'ble Madras High Court. The tribunal directed the AO to verify the correctness of the amounts claimed for additional depreciation in successive years and allow the balance 50% additional depreciation accordingly, emphasizing the legislative intent to encourage investment in new plant and machinery. Case-Laws Income Tax Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378988