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2021 (3) TMI 16 - AT - Income TaxAdditional depreciation u/s 32(1)(iia) - lower authorities have disallowed assessee’s additional depreciation claimed for sole reason that relevant assets had been put to use in earlier year(s) than in the relevant previous year - HELD THAT:- We find no merit in Revenue’s stand since hon’ble Madras high court in Brakes India Ltd.. vs. ACIT [2017 (4) TMI 511 - MADRAS HIGH COURT] has accepted such additional depreciation claimed on the assets already put to use. The instant depreciation allowance is directed to be deleted. Assessee’s appeal is allowed.
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