https://www.taxtmi.com/caselaws?id=384609 The Tribunal ruled in favor of the assessee, a printing and publishing company, allowing the claim for additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Tribunal determined that the machinery in question was acquired and installed after 01.04.2002, meeting the eligibility criteria for additional depreciation. The Tribunal set aside the CIT's order under Section 263, restoring the AO's assessment and granting the appeal in favor of the assessee. The judgment was delivered on 9th August 2019. en-us Fri, 09 Aug 2019 00:00:00 +0530 Sat, 17 Aug 2019 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384609 The Tribunal ruled in favor of the assessee, a printing and publishing company, allowing the claim for additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Tribunal determined that the machinery in question was acquired and installed after 01.04.2002, meeting the eligibility criteria for additional depreciation. The Tribunal set aside the CIT's order under Section 263, restoring the AO's assessment and granting the appeal in favor of the assessee. The judgment was delivered on 9th August 2019. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384609