https://www.taxtmi.com/caselaws?id=34919 Section 32(1)(iia) allows additional depreciation for new machinery or plant acquired and installed after 31 March 2002 by an assessee engaged in manufacture or production of articles or things. The provision does not require a direct operational nexus between the newly installed machinery and the assessee's existing manufactured product. On that interpretation, wind mills installed to expand power generation capacity qualify as new plant for the allowance. en-us Tue, 01 Sep 2009 00:00:00 +0530 Wed, 03 Sep 2025 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34919 Section 32(1)(iia) allows additional depreciation for new machinery or plant acquired and installed after 31 March 2002 by an assessee engaged in manufacture or production of articles or things. The provision does not require a direct operational nexus between the newly installed machinery and the assessee's existing manufactured product. On that interpretation, wind mills installed to expand power generation capacity qualify as new plant for the allowance. Case-Laws Income Tax Tue, 01 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34919