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Additional depreciation
Year of acquisition and installation should be same or can be different for claiming additional depreciation?
As provision use word and I think it should be same year.
Kindly reply with supporting of case law etc
Replies (3)
both should be in the sane year..refer the section itself ..it says " acquired and installed"...
Dear Navin,
Year of acquisition and installation should be same for claiming additional depreciation.
The same was held in the cases of DCIT vs. Cosmo Films Ltd., 13 ITR(T) 340 (Delhi) and Brakes India Ltd. DCIT(LTU), 144 ITD 0403.
Year of acquisition and installation should be same for claiming additional depreciation.
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