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2017 (5) TMI 1676 - HC - Income TaxDepreciation @ 80% on Wind Turbine Machine - non segregating investment on building part and on electric item - whether depreciation @ of 80% is allowable on electrical fitting and building etc considering part of Wind Turbine Generator Machine? - HELD THAT:- Issue is squarely covered by decision of KK. ENTERPRISES [2015 (2) TMI 508 - RAJASTHAN HIGH COURT] as 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 ] - Decided in favour of assessee.
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