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2016 (6) TMI 44 - AT - Income TaxDisallowance of additional depreciation under section 32(1)(iia) - whether the assessee is entitled to carry forward 50% of additional depreciation in the succeeding year when the plant and machinery was put in use less than 180 days in the preceding previous year? - Held that:- We have carefully gone through the order of the Coordinate Bench in the case of Automotive Coaches & Components Ltd. v. DCIT (2016 (4) TMI 34 - ITAT CHENNAI ) and find that the issue involved is squarely covered in favour of the assessee. The ld. DR could not controvert the above findings of the Tribunal or filed any higher Courts decision having modified or reversed the findings to arrive at a conclusion that the assessee is entitled to claim 50% of additional depreciation in the succeeding year when the plant and machinery was put in use for less than 180 days in the preceding previous year. Thus respectfully following the decision in the case of Automotive Coaches & Components Ltd. v. DCIT (supra), we direct the Assessing Officer to allow 50% of additional depreciation in the succeeding year as claimed by the assessee - Decided in favour of assessee
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