https://www.taxtmi.com/caselaws?id=409689 The court dismissed the Revenue's appeals challenging the additional depreciation claimed by the assessee on the opening Written Down Value of plant and machinery. The court upheld the Income Tax Appellate Tribunal's decision, allowing the assessee's claim for additional depreciation in subsequent years based on relevant provisions and previous court decisions. The court held that the questions of law were settled in favor of the assessee, leading to the dismissal of the appeals with no costs. en-us Fri, 09 Jul 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409689 The court dismissed the Revenue's appeals challenging the additional depreciation claimed by the assessee on the opening Written Down Value of plant and machinery. The court upheld the Income Tax Appellate Tribunal's decision, allowing the assessee's claim for additional depreciation in subsequent years based on relevant provisions and previous court decisions. The court held that the questions of law were settled in favor of the assessee, leading to the dismissal of the appeals with no costs. Case-Laws Income Tax Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409689