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2015 (2) TMI 508 - HC - Income TaxDepreciation claim - cost incurred in civil work and foundation, electrical items, components in installation and common power evacuation while installing windmills - Held that:- Civil construction and electric fittings, which have no use other than for the purpose of the functioning of the windmill would become closely interconnected and are part and parcel of the windmill and, therefore, liable for depreciation. Legislature has provided for higher rate of depreciation of 80 per cent on renewable energy devises including windmill and any specially designed devise, which runs on windmill. See CIT AHMEDABAD III Versus PARRY ENGINEERING AND ELECTRONICS P. LTD. [2014 (12) TMI 752 - GUJARAT HIGH COURT] - Decided in favour of assessee.
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