https://www.taxtmi.com/caselaws?id=459963 ITAT Delhi allowed assessee's claim for additional depreciation u/s 32(1)(iia). The case involved balance 10% additional depreciation claimed in current year after claiming 10% in previous year when assets were used for less than 180 days. Lower authorities disallowed the claim reasoning assets were not installed in current year but in earlier financial year. ITAT relied on Godrej Industries Ltd. and Rittal India decisions, holding that benefit of additional depreciation is available in full upon asset purchase regardless of usage period being less than 180 days. AO directed to allow the claim. en-us Wed, 29 Jun 2022 00:00:00 +0530 Mon, 20 Jan 2025 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459963 ITAT Delhi allowed assessee's claim for additional depreciation u/s 32(1)(iia). The case involved balance 10% additional depreciation claimed in current year after claiming 10% in previous year when assets were used for less than 180 days. Lower authorities disallowed the claim reasoning assets were not installed in current year but in earlier financial year. ITAT relied on Godrej Industries Ltd. and Rittal India decisions, holding that benefit of additional depreciation is available in full upon asset purchase regardless of usage period being less than 180 days. AO directed to allow the claim. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459963