Tools, dies, jigs used for Manufacturing eligible for Additional Depreciation

Efacec Switchgear India P. Ltd. Vs ACIT (ITAT Delhi) Assessee submitted that since tools, dies, jigs etc. are used by the appellant for its business of manufacturing switchgear products, the same are plant & machinery. Without these equipments it is not possible for appellant to manufacture switchgear products. Hence, the same are in the nature of ‘Plant & Machinery. It was submitted that in the assessment order also tools, dies, jigs etc. have been treated as Plant & Machinery and 15% depreciation on the same has been allowed. However, the same have not been treated as Plant &a...