Assessee qualifies for additional depreciation u/s 32(1)(iia) for manufacturing packing materials from plastic granules.

Assessee qualifies for additional depreciation u/s 32(1)(iia) for manufacturing packing materials from plastic granules. https://www.taxtmi.com/highlights?id=66964 Additional depreciation u/s 32(1)(iia) - manufacturing in term of section 2(29BA) - Vital fact, which is not disputed by revenue, that the assessee is purchasing plastic granule/raw material and manufacturing packing material therefrom such as jar/pouches/bottles make the assessee fully eligible for “additional depreciation”. - AT en-us Wed, 07 Dec 2022 12:46:51 +0530 Wed, 07 Dec 2022 12:46:51 +0530 TaxTMI RSS Generator Assessee qualifies for additional depreciation u/s 32(1)(iia) for manufacturing packing materials from plastic granules. https://www.taxtmi.com/highlights?id=66964 Additional depreciation u/s 32(1)(iia) - manufacturing in term of section 2(29BA) - Vital fact, which is not disputed by revenue, that the assessee is purchasing plastic granule/raw material and manufacturing packing material therefrom such as jar/pouches/bottles make the assessee fully eligible for “additional depreciation”. - AT Highlights Income Tax Wed, 07 Dec 2022 12:46:51 +0530 https://www.taxtmi.com/highlights?id=66964