2017 (1) TMI 1665 - HC - Income Tax

Depreciation on Wind Turbine Machine @ 80% - non segregating investment on building part and on electric item - HELD THAT - Admit on the following substantial question of law - (ii) Whether in the facts and circumstances of the case the ITAT has erred in holding that depreciation @ of 80% has to be allowed on Wind Turbine Machine without segregating investment on building part and on electric item without appreciating that depreciation @ of 80% is allowable on Wind Turbine Generator Machine and not on electrical fitting and building etc. Issue notice to the respondent.

Summary

The High Court of Rajasthan admitted the case for consideration of the substantial question of law regarding the depreciation on Wind Turbine Machine without segregating investment on building part and electric item. The issue notice to the respondent and scheduled to be heard with another Income Tax Appeal case.