https://www.taxtmi.com/caselaws?id=17977 The court ruled in favor of the assessee, allowing the revision of the claim for depreciation on new machinery under section 32(1)(iia). The Income-tax Appellate Tribunal held that the assessee could claim extra depreciation for dumpers used in mining activities, despite the claim not being initially made before the Income-tax Officer but raised during proceedings under section 263. The Tribunal emphasized the right to claim deductions in reassessment proceedings and entitlement to benefits based on the correct categorization of assets for depreciation purposes. en-us Wed, 22 May 1996 00:00:00 +0530 Sat, 26 Sep 2009 10:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17977 The court ruled in favor of the assessee, allowing the revision of the claim for depreciation on new machinery under section 32(1)(iia). The Income-tax Appellate Tribunal held that the assessee could claim extra depreciation for dumpers used in mining activities, despite the claim not being initially made before the Income-tax Officer but raised during proceedings under section 263. The Tribunal emphasized the right to claim deductions in reassessment proceedings and entitlement to benefits based on the correct categorization of assets for depreciation purposes. Case-Laws Income Tax Wed, 22 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17977