Held that the assessee has claimed only 50 per cent. of the depreciation under the second proviso to section 32(1)(ii) in the year in which the plant and machinery was acquired and put to use for less than 180 days, and where the assessee is eligible to claim additional depreciation of 20 per cent. Balance depreciation can be claimed in the succeeding assessment year. (AY. 2015-16)
Dy. CIT v. Haldiram Snacks Pvt. Ltd. (2022) 98 ITR 75 (SN)(Delhi) (Trib)
S. 32: Depreciation-Additional depreciation-Put to use less than 180 days-Balance additional depreciation of 10 Per Cent. can be claimed in succeeding assessment year. [S. 32(1)(ii)), 32(1)(iia)]