Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 692 - AT - Income TaxRate of depreciation on electrical cables & fittings connected with windmill – Held that:- Specialized foundation and specialized area specifically earmarked to facilitate a flow of wind without hindrance, and specialized electrical fittings and high tension lines are all basic requirements for a wind mill plant - None of the requirements including the premises can be seen detached from what is called a “wind mill’’ since a wind mill to work these are essential – all these are necessary inputs going into ultimate cost of wind mill – thus, the electrical cables, fittings and other electrical works connected with windmill are single composite unit are eligible for depreciation at the rate of 80% - Decided against Revenue.
|