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2012 (2) TMI 640 - AT - Income TaxAdditional depreciation on Wind Mill purchased during the year - Whether Electricity is neither an article nor a thing? - Held that:- As decided in Texmo Precision Castings [2009 (10) TMI 140 - MADRAS HIGH COURT] for the application of s. 32(1)(iia) what is required to be satisfied is that the setting up of a new machinery or plant should have been acquired and installed after 31st March, 2002 by an assessee, who was already engaged in the business of manufacture or production of any article or thing and there is no requirement that the setting up of a new machinery or plant should have any operational connectivity to the article or thing that was already being manufactured by the assessee It is not the case of the Revenue that the assessee has not manufactured woolen carpets and dhurries. - Decided in favour of assessee
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