Additional depreciation was allowable on purchase of Raw Material and making packing material

Madhuri Refiners Private Ltd. Vs DCIT (ITAT Indore) Conclusion: Additional depreciation on purchase of raw material and making packing material was manufacture as the final product was a commercially, physically and chemically different and a very important factor that the assessee had been consistently regarded as “manufacture” by various Government Department and Agencies. Held: AO observed that assessee had claimed additional depreciation u/s 32(1)(iia) of Rs. 20,25,596 on plant and machinery. AO confronted the assessee on eligibility of claim. Assessee made a detailed submission on bu...