https://www.taxtmi.com/caselaws?id=760112 The Gujarat HC upheld ITAT's decision allowing additional depreciation claim u/s 32(1)(iia). The assessee claimed 10% additional depreciation for AY 2010-11 and remaining 10% for AY 2011-12 on plant and machinery used for less than 182 days. The court confirmed electrical items including AC plants, electric installations, and transformers form integral part of plant and machinery, making them eligible for depreciation and additional depreciation. The HC agreed with ITAT's reasoning following precedents in Starlight Silk Mills and Raw Flints cases. en-us Mon, 07 Oct 2024 00:00:00 +0530 Tue, 15 Oct 2024 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760112 The Gujarat HC upheld ITAT's decision allowing additional depreciation claim u/s 32(1)(iia). The assessee claimed 10% additional depreciation for AY 2010-11 and remaining 10% for AY 2011-12 on plant and machinery used for less than 182 days. The court confirmed electrical items including AC plants, electric installations, and transformers form integral part of plant and machinery, making them eligible for depreciation and additional depreciation. The HC agreed with ITAT's reasoning following precedents in Starlight Silk Mills and Raw Flints cases. Case-Laws Income Tax Mon, 07 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760112