https://www.taxtmi.com/caselaws?id=291246 The Tribunal affirmed the Commissioner of Income Tax (Appeals)' decision, allowing the assessee to claim the remaining 10% additional depreciation in the subsequent year under Section 32(1)(iia) of the Income Tax Act. The Tribunal held that there is no explicit provision prohibiting the carry forward of balance additional depreciation, consistent with decisions from other benches. The Revenue's appeal was dismissed, and the Tribunal directed the Assessing Officer to permit the balance 50% of depreciation, confirming the assessee's entitlement to the additional depreciation. en-us Tue, 19 Mar 2019 00:00:00 +0530 Tue, 03 Nov 2020 11:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291246 The Tribunal affirmed the Commissioner of Income Tax (Appeals)' decision, allowing the assessee to claim the remaining 10% additional depreciation in the subsequent year under Section 32(1)(iia) of the Income Tax Act. The Tribunal held that there is no explicit provision prohibiting the carry forward of balance additional depreciation, consistent with decisions from other benches. The Revenue's appeal was dismissed, and the Tribunal directed the Assessing Officer to permit the balance 50% of depreciation, confirming the assessee's entitlement to the additional depreciation. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291246