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2017 (2) TMI 1100 - AT - Income TaxAdditional depreciation on diagnostic/service equipments claimed as a deduction u/s. 32 (1) (iia) - Held that:- Section 32(1)(iia) does not state that setting up of a new machinery or a plant, which was acquired and installed after 31.03.2005, should have an operational connectivity to the article or thing that was already being manufactured by the assesse. Therefore, the reasoning of the Ld. AO that the vaporizers, has nothing to do with the manufacturing of articles etc., is totally not germane to the specific provision contained in section 32 (1) (iia) of the Act. In the light of the above that discussion, we hold that the assessee is eligible for additional depreciation on vaporizers u/s. 32(1) (iia) of the Act. - Decided in favour of assessee
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