https://www.taxtmi.com/caselaws?id=419542 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow the assessee's claim of additional depreciation under section 32(1)(iia) of the Income Tax Act. The ITAT found that the assessee, engaged in retail gas distribution, met the criteria for claiming additional depreciation as a manufacturer, based on previous rulings and lack of distinguishing facts presented by the Revenue. en-us Fri, 11 Mar 2022 00:00:00 +0530 Mon, 14 Mar 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419542 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow the assessee's claim of additional depreciation under section 32(1)(iia) of the Income Tax Act. The ITAT found that the assessee, engaged in retail gas distribution, met the criteria for claiming additional depreciation as a manufacturer, based on previous rulings and lack of distinguishing facts presented by the Revenue. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419542