Additional depreciation allowable qua industrial undertaking & not qua the whole business

NRB Bearings Ltd. Vs DCIT (ITAT Mumbai)- The Tax Payer was conducting manufacturing activities at four different locations across India. It had installed additional machinery to increase capacity at one of the locations i.e. the Aurangabad unit. The assessee claimed additional depreciation on the new machinery as per the provisions of the Income Tax Act which permits the assessee to additional depreciation on installation of new machinery. The same was allowed by the Tax Officers (TO) as well.

Later, The Comm

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