https://www.taxtmi.com/caselaws?id=422972 The High Court ruled in favor of the Assessee in a case involving the disallowance of electricity duty under Section 43B and additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Court held that the Assessee was entitled to the deduction for electricity duty paid and allowed the claim for additional depreciation based on precedent. The matter was remanded to the Assessing Officer for further computation, with the Court directing the issuance of an urgent certified copy of the order. en-us Mon, 09 May 2022 00:00:00 +0530 Mon, 27 Feb 2023 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422972 The High Court ruled in favor of the Assessee in a case involving the disallowance of electricity duty under Section 43B and additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Court held that the Assessee was entitled to the deduction for electricity duty paid and allowed the claim for additional depreciation based on precedent. The matter was remanded to the Assessing Officer for further computation, with the Court directing the issuance of an urgent certified copy of the order. Case-Laws Income Tax Mon, 09 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422972