https://www.taxtmi.com/caselaws?id=406420 The Tribunal dismissed the Revenue's appeal and upheld the order allowing the assessee's claim of additional depreciation for the assessment year 2014-15. The Tribunal emphasized that the assessee could claim the balance of additional depreciation in the subsequent year if the new assets were used for less than 180 days, in line with previous decisions and relevant court rulings. The Tribunal found no reason to interfere with the ld. CIT(A)'s decision, as the Revenue failed to address the impact of the 2015 amendment on previous decisions. en-us Fri, 09 Apr 2021 00:00:00 +0530 Wed, 14 Apr 2021 08:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406420 The Tribunal dismissed the Revenue's appeal and upheld the order allowing the assessee's claim of additional depreciation for the assessment year 2014-15. The Tribunal emphasized that the assessee could claim the balance of additional depreciation in the subsequent year if the new assets were used for less than 180 days, in line with previous decisions and relevant court rulings. The Tribunal found no reason to interfere with the ld. CIT(A)'s decision, as the Revenue failed to address the impact of the 2015 amendment on previous decisions. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406420