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2013 (8) TMI 283 - AT - Income TaxDeduction of additional deduction - windmill power generation - Held that:- electricity falls within the definition of sale of Goods Act, 1930 and process of generation of electricity is akin to manufacture or production of an "article" or "thing". The power generated need not necessarily be used in the production of assessee's own products namely mining and extraction of gold. The use of electricity in the manufacturing activity of the core business of the assessee is not a precondition for the grant of additional depreciation under the statue - Generation of electricity is a manufacturing activity - The assessee is involved in the manufacturing activity and fulfills the conditions as laid down under section 32(1)(iia). The Government vide Finance Act, 2012 has amended the provisions of section 32(1)(iia) to include the business of generation or generation and distribution of power - Decided against Revenue.
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