https://www.taxtmi.com/caselaws?id=425757 The Court allowed the balance of additional depreciation to be claimed in the subsequent year if the plant and machinery were acquired in the second half of the financial year and used for less than 180 days. It upheld the decision to allow the remaining additional depreciation for machinery purchased in a previous year. The Court dismissed the revenue's appeal and answered the substantial questions of law against the revenue, following the precedent set in the case of Brakes India Ltd. en-us Wed, 27 Jul 2022 00:00:00 +0530 Fri, 29 Jul 2022 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425757 The Court allowed the balance of additional depreciation to be claimed in the subsequent year if the plant and machinery were acquired in the second half of the financial year and used for less than 180 days. It upheld the decision to allow the remaining additional depreciation for machinery purchased in a previous year. The Court dismissed the revenue's appeal and answered the substantial questions of law against the revenue, following the precedent set in the case of Brakes India Ltd. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425757