https://www.taxtmi.com/caselaws?id=457603 The HC upheld the ITAT's decision, concluding that the assessee was not entitled to additional depreciation under Section 32(1)(iia) of the Income Tax Act due to the restrictions in proviso (B). The Court affirmed that the legal issue had been resolved in favor of the revenue, rendering further proceedings unnecessary, and disposed of the appeal. en-us Tue, 04 Jan 2022 00:00:00 +0530 Mon, 23 Sep 2024 14:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457603 The HC upheld the ITAT's decision, concluding that the assessee was not entitled to additional depreciation under Section 32(1)(iia) of the Income Tax Act due to the restrictions in proviso (B). The Court affirmed that the legal issue had been resolved in favor of the revenue, rendering further proceedings unnecessary, and disposed of the appeal. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457603