An eligible plant & machinery purchased and put to use on 02-01-2013. Additional depreciation allowed @ 10% for AY 2013-14. Can assessee claim remaining 10% additional depreciation in AY 2014-15 ?
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Additional depreciation
Replies (3)
no..... this is not possible as additional dep. is allowed only for the first year.
But read the case decided by ITAT Delhi bench
Deputy CIT vs. Cosmo Films
i am sorry for the incorrect statement. i was just reading this decided case only where it has been decided that balance of 50% of additional dep. can be claimed next year. sorry again.
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