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2013 (8) TMI 1026 - AT - Income TaxAdditional depreciation on plant and machinery utilized in its mining operations, windmill operations and computers used in those operations u s 32(l)(iia) - Whether engaged in the production or manufacturing of an article or thing - Held that:- Activity carried by the company in its mining division viz., iron-ore processing amounts to production of an article - processing activity carried out by the Company to convert raw iron ore to saleable processed iron ore amounts to 'production' - the activity carried in windmill division viz., generation of electricity, the same also amounts to production of an article or thing - once the company is in the manufacture or production of article or thing, any new machinery or plant purchased would qualify for additional depreciation, irrespective of the fact that the same is directly or indirectly used in the manufacturing or production activity - entitle to additional depreciation on machinery as per the decision of Hon’ble Supreme Court in the case of CIT Vs Sesa Goa Ltd [271 ITR 331] - entitled for additional depreciation on windmill operation as per the decision of Madras High Court in the case of CIT Vs V T M Limited [319 ITR 336] - Decided in favor of assessee
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