INCOME TAX ACT, 1961

Section 32(1)(iia)

Depreciation - Additional depreciation - Manufacturing activity - Extraction of minerals and other mining activities

Assessee company engaged in extraction of minerals and other mining activities. Claimed additional depreciation on mining equipment. AO disallowed this on the ground that extraction of minerals was not manufacturing activity. Held: Extraction of minerals was to be considered as manufacturing activity, therefore, assessee was entitled to additional depreciation under section 32(1)(iia)

Relied:CIT v. Sesa Goa Ltd. (2004) 271 ITR 331 (SC) : 2004 TaxPub(DT) 1921 (SC).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2009-10 to 2014-15

INCOME TAX ACT, 1961

Section 32(1)

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