Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (10) TMI 31 - HC - Income TaxDepreciation on bio-gas plant – ITO restricted the depreciation to 50 per cent, on the ground that the bio-gas plant was commissioned and put to use for less than 180 days, that is only from October 9, 1992. - "Whether Tribunal was justified in holding that the assessee-company was entitled to depreciation on bio-gas plant for full year?" - It is not in dispute that the plant was installed in May, 1992, and the records clearly showed that on installation, it was commissioned in May, 1992, but on account of certain leakage, during trial run, repairs had to be carried out and regular production started in October, 1992. We, therefore, find that no error in the findings recorded by the Tribunal and no substantial question of law arises for consideration. The appeal is, therefore, dismissed.
|