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2013 (8) TMI 279 - AT - Income TaxDepreciation on Power Evacuation Infrastructure facilities - depreciation on electricity line for transmission of metering. - nature contribution made to GEDA - CIT allowed depreciation @ 80% - Held that:- machineries had no independent functioning as such. Merely because it improves the working system or controlling / monitoring system, it cannot be treated as an independent machinery and not part of the integrated machinery - payment made for overhead service line, which remained the property of Electricity Board, is allowable as revenue expenditure - Following decision of CIT vs. Excel Industries Ltd. [1979 (10) TMI 68 - BOMBAY High Court] - Decided against Revenue. Depreciation on electricity line for transmission of metering - CIT allowed depreciation @ 80% - Held that:- Power Evacuation Infrastructure facilities was used for less than 180 days, depreciation can be granted at only 40% (i.e. 50% of the normal depreciation of 80%) - Decided in favour of Revenue.
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