https://www.taxtmi.com/caselaws?id=34627 Additional depreciation under Section 32(1)(iia) applies to new machinery or plant acquired and installed by an assessee engaged in manufacturing or production, without requiring operational connectivity between that machinery and the assessee's existing manufacturing activity. A windmill installed by a textile manufacturer therefore qualifies as new machinery or plant for the deduction, even where its power-generation activity is unrelated to textile manufacturing. Generation of power through the windmill falls within the provision's scope for this purpose, supporting allowance of additional depreciation. en-us Tue, 08 Sep 2009 00:00:00 +0530 Wed, 03 Sep 2025 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34627 Additional depreciation under Section 32(1)(iia) applies to new machinery or plant acquired and installed by an assessee engaged in manufacturing or production, without requiring operational connectivity between that machinery and the assessee's existing manufacturing activity. A windmill installed by a textile manufacturer therefore qualifies as new machinery or plant for the deduction, even where its power-generation activity is unrelated to textile manufacturing. Generation of power through the windmill falls within the provision's scope for this purpose, supporting allowance of additional depreciation. Case-Laws Income Tax Tue, 08 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34627