Additional depreciation allowable only on acquisition & installation of new machinery

 ITAT DELHI BENCH ‘C’ International Cars & Motors Ltd. Versus Income-tax Officer, Ward-11(4), New Delhi IT APPEAL NO. 860 (DELHI) OF 2012 [ASSESSMENT YEAR 2006-07] DECEMBER 21, 2012 ORDER I.C. Sudhir, Judicial Member The assessee has impunged first appellate order on the ground that Ld. CIT(A) has erred in confirming the disallowance of depreciation on plant and machinery u/s 32(1)(iia) of the Income Tax Act, 1961 as made by the AO. 2. The relevant facts are that the assessee had claimed additional depreciation amounting to Rs. 1,82,76,190/- on plant and mach...