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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Dis-allowance of depreciation on windmills – windmills installed ...

Income Tax

February 7, 2012

Dis-allowance of depreciation on windmills – windmills installed & put to use on 31.03.05 – generation of electricity started in April 2005 – the claim for depreciation has to be allowed if the conditions prescribed in law are satisfied and admission by the Assessee cannot be the basis to sustain the dis-allowance of depreciation..... - AT

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