Unclaimed balance 50% additional depreciation on machinery used for under 180 days is allowable in subsequent year.
Unclaimed balance 50% additional depreciation on machinery used for under 180 days is allowable in subsequent year. Issue Whether an assessee is entitled to claim the remaining 50% balance of additional depreciation under Section 32(1)(iia) of the Income-tax Act in a subsequent assessment year on eligible plant and machinery that was acquired and put to… Read More »