Dear All,
I have a following query:
Plant & Machinery Installed and put to use in November 2010. However, no additional depreciation was claimed in the fy 2010-11.
In the fy 2011-12, assessee wants to claim additional depreciation?
Plain reading of the provisions state that it may not be allowed if not taken in the first year it was put to use, however, I am looking for some case laws which state that it might be allowed.?
Regards,
CA Nitin Kanodia
CAclubindia
