Additional depreciation

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Ankur Issar (Querist)
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19 March 2012 Is it is mandatory to claim additional depreciation u/s 32(1)(iia) of Income tax act 1961 ? Is Explanation 2 to section 32(1) Is applicable to section 32(1)(iia) of Income tax act 1961 ? Please give your views based on recent case laws, judgements, circulars and notifications ?
Thanks in advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 March 2012 Mandatory.
Reason is as follows:-
Explantion 5 says...... "this subsection"....
The subsection referred therein is 32(1).
Since additional depreciation under sub section (iia) falls under subsection (1),explanation 5 squarely applies to (iia) meaning thereby addtional depreciation is mandatory.

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