Assessee has purchased machinery which is eligible for additional depreciation.
now the question is whether the additional depreciation is mandatory to charge or optional as per income tax act 1961 ????
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Additional Depreciation mandatory?
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it is not mandatory. For the primary depreciation, the explanation 5 to section 32(1) expressly states that depreciation is mandatory. However, no such explanation is application to 32(1)(iia).
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