https://www.taxtmi.com/caselaws?id=286186 The Tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal. It was determined that the initial assessment year for Section 80IA deduction is when the claim is first made, not when production commences. Additionally, it was found that additional depreciation is allowable on mining machinery and vehicles used in mining activities. The Tribunal referenced relevant case law and a Co-ordinate Bench decision to support these conclusions, ultimately ruling in favor of the assessee on both issues. en-us Wed, 31 Oct 2018 00:00:00 +0530 Sun, 16 Feb 2020 08:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286186 The Tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal. It was determined that the initial assessment year for Section 80IA deduction is when the claim is first made, not when production commences. Additionally, it was found that additional depreciation is allowable on mining machinery and vehicles used in mining activities. The Tribunal referenced relevant case law and a Co-ordinate Bench decision to support these conclusions, ultimately ruling in favor of the assessee on both issues. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286186