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2016 (1) TMI 412 - AT - Income TaxDisallowance of statutory claim for deduction of additional depreciation u/s 32(1)(iia) - power turbines employed for generation of power for captive consumption in the business of manufacturing of steel and iron products - Held that:- Admissibility of additional depreciation cannot be denied to the assessee merely on the ground that electricity is not an article or thing. The order of the Learned CIT(Appeals) is reversed to this extent and the disallowance is deleted. - Decided in favour of assessee.
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