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2014 (4) TMI 1204 - AT - Income TaxClaim of depreciation on coal fired pressure boiler restricted to 50% - put to use - Held that:- The fact brought out on record relating to consumption of diesel and electricity up to January 2009 and post January 2009 clearly establishes the fact that the cogeneration plant has commenced productions in February 2009 and not in September 2008 as claimed by the assessee. The ledger account of the assessee also clearly mentions that the assessee has paid hotel bills of Mr. Lojet towards his visit on 02.03.2009 in connection with turbine erection. If as per assessee's version, the cogeneration plant has started production in September 2008, there is no reason why Mr. Lojet should pay visit for erection of turbines on 02.03.2009. As the assessee has failed to substantiate its claim with conclusive evidence that the cogeneration plant was put to use for the purpose of assessee's business on or before September 2008, we are unable to accept the assessee's claim of 100% depreciation on the cogeneration plant. Accordingly, we uphold the order of the CIT(A). The ground raised by assessee is dismissed.
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