Additional depreciation on loom is allowed?

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yash (Querist)
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05 April 2013 Can a assessee claim additional depreciation on looms u/s 32 of Income Tax Act?

Sandip R Lathiya (Expert)
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05 April 2013 No only plant & machinery avilable.

Sandip R Lathiya (Expert)
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05 April 2013 No only plant & machinery avilable.

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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25 May 2013 Looms are also plant and machinery and therefore if it is eligible then yes otherwise no.

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