Held that all component/parts of a plant acquired prior to 31-3-2005 but fitted to plant thereafter would be eligible for additional depreciation under section 32(1)(iia) for assessment year 2006-07. (AY. 2006-07)
National Aluminium Co. Ltd. v. CIT (2022) 288 Taxman 36 / 215 DTR 375 / 327 CTR 340 / (2023)451 ITR 383 (Orissa) (HC)
S. 32 : Depreciation-Additional Depreciation-All component/parts of a plant acquired prior to 31-3-2005-Fitted to plant thereafter-Eligible additional depreciation. [S. 32(1)(iia)]