ITAT Allows Additional Depreciation on Dumpers as They Form Part of Plant & Machinery

Dalmia Bharat Ltd Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, decided cross appeals filed by the assessee and the Revenue for Assessment Years (AYs) 2008-09 to 2012-13, dealing with multiple issues under the Income Tax Act. A key issue concerned the assessee’s claim of additional depreciation under Section 32(1)(iia) on dumpers used in its manufacturing and mining operations. The Assessing Officer (AO) disallowed the claim by treating dumpers as road transport vehicles rather than plant and machinery. The Commissioner of Income Tax (Appeals) [CIT(A)] also upheld the...