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2017 (5) TMI 1580 - HC - Income TaxDisallowance of depreciation on Morrison rope dyeing machine - boiler as a part of dyeing machine - whether machine installed by the appellant company is not an energy saving device? - Held that:- Before proceeding with the matter it will be out of place to mention that the boiler is the main part of the dying machine to increase the efficiency and the energy level and boiler being a part of effective machinery which converts water into steam at a lower efficiency of the energy In view of the judgment in the case of Dy. Commissioner of Income Tax, Special Range-2 vs. Vippy Solvex Products Ltd. (2007 (3) TMI 746 - MADHYA PRADESH HIGH COURT) the view taken by the Tribunal is required to be accepted modified that the boiler is a part of dyeing machine and any part which is required in dying process is required to be granted 100% depreciation - All the authorities have seriously committed the error. - Decided in favour of assessee.
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