Topic: Section 32(1)(iia)

Section 32(1)(iia) Additional Depreciation on Power Plants: Rajasthan HC in CIT v. Hindustan Zinc

Rajasthan High Court holds that Hindustan Zinc is entitled to additional depreciation under Section 32(1)(iia) on new captive and wind power plant machinery, and upholds the ITAT order quashing the CIT's Section 263 revision.