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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Additional depreciation allowed u/s.32(1)(iia) of the Act is a ...


One-Time Additional Depreciation Incentive in Section 32(1)(iia) Encourages Industrial Growth Through Liberal Interpretation.

February 14, 2017

Case Laws     Income Tax     AT

Additional depreciation allowed u/s.32(1)(iia) of the Act is a one-time benefit to encourage industrialisation, and the provisions related to it have to be construed reasonably, liberally and purposively, to make the provision meaningful while granting the additional allowance - AT

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