What is the provision applicable for Additional deprecation on new machinery or plant u/s section 32.

Section 32 of the Income Tax Act, 1961, pertains to the provisions related to the depreciation of assets used for business or profession. Depreciation is the reduction in the value of tangible assets over time due to wear and tear, obsolescence, or other factors. Section 32 provides for the manner in which depreciation is to be calculated and claimed for tax purposes. One of the provisions under Section 32 is the provision for "Additional Depreciation."

The concept of Additional Depreciation was introduced to provide an incentive for businesses to invest in new machinery or plant. This provision encourages the modernization and expansion of industries by allowing an additional amount of depreciation over and above the normal depreciation that can be claimed on eligible ________ _______ ______ ______ ____ ___ ______ ___ ___ ________ ___ ________.
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