Disallowance of depreciation on account of energy saving and ...

Court Rules Performance Level Not Grounds for Denying Depreciation on Installed Energy Saving Devices.

June 13, 2023

Case Laws Income Tax HC

Disallowance of depreciation on account of energy saving and pollution control devices - AO has not disputed the fact that the devices were installed. The level of performance of devices is not a measure based on which the AO could have denied depreciation to the respondent/assessee. - HC

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Disallowance of depreciation on account of energy saving and ...

Court Rules Performance Level Not Grounds for Denying Depreciation on Installed Energy Saving Devices.

June 13, 2023

Case Laws Income Tax HC

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