https://www.taxtmi.com/caselaws?id=788529 Section 32(1) and clause (iia) were construed to mean that where new plant and machinery is put to use for less than 180 days in the previous year, the proviso restricts only the deduction available in that year to 50% of additional depreciation. The remaining entitlement is not extinguished and may be claimed in the subsequent assessment year so as to preserve the incentive for investment in new plant and machinery and avoid discrimination between assessees. Relying on prior Division Bench precedent and the Finance Act, 2015 explanatory memorandum, the HC held that the balance 50% additional depreciation is allowable in the next year. en-us Mon, 02 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788529 Section 32(1) and clause (iia) were construed to mean that where new plant and machinery is put to use for less than 180 days in the previous year, the proviso restricts only the deduction available in that year to 50% of additional depreciation. The remaining entitlement is not extinguished and may be claimed in the subsequent assessment year so as to preserve the incentive for investment in new plant and machinery and avoid discrimination between assessees. Relying on prior Division Bench precedent and the Finance Act, 2015 explanatory memorandum, the HC held that the balance 50% additional depreciation is allowable in the next year. Case-Laws Income Tax Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788529