Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (3) TMI 457 - AT - Income TaxAdditional depreciation U/s 32(1)(iia) on wind mill - Held that:- The assessee produced the electricity through windmill and claimed additional depreciation U/s 32(1)(iia) of the Act. The assessee had acquired new machine, which comes under manufacturing and produce. Accordingly, the assessee has claimed additional depreciation following the decision [2009 (10) TMI 140 - MADRAS HIGH COURT ]. The ld DR has not controverted the finding given by the ld CIT(A). Accordingly, we uphold the order of the ld CIT(A). - Decided in favour of assessee
|