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2016 (4) TMI 265 - HC - Income TaxDepreciation claimed on Windmill - Held that:- Both the CIT(A) as well as the Tribunal have recorded a finding of fact that the items listed at (a) to (d) in paragraph(3) [i.e (a) Power Evacuation Infrastructure, (b) Erection and commissioning charges,(c) Line work &(d) Electrical items] above form an integral part of the Windmill. Thus, entitled to 80% depreciation being a part of a Windmill. Depreciation on cost of civil foundation - Held that:- As is agreed position between the parties that the issue raised herein stands concluded against the Revenue by the decision of this Court in Cooper Foundary Pvt Ltd (2011 (6) TMI 837 - BOMBAY HIGH COURT) i.e. the cost of civil foundation is to be allowed depreciation @80%.
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