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2009 (9) TMI 29 - DELHI HIGH COURTAdditional Depreciation u/s 32(1) – ITAT have held that the appellant-assessee is not entitled to the benefit of additional depreciation as the machinery in question is not new – Held that - There is a finding of fact arrived at by all the three authorities below that the machinery is old/used machinery and the same cannot be interfered by this Court under Section 260A of the Act as undoubtedly the Income Tax Appellate Tribunal is the final fact finding authority. In view of the finding of fact that machines in question are old machines, we uphold the order of Income Tax Appellate Tribunal that the assessee is not entitled to the benefit of additional depreciation of 15% under Section 32(1)(iia).
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