Claim of Depreciation on Windmill permissible when the evidence adduced to prove usage of the same: ITAT [Read Order]

By Taxscan Team - On October 19, 2022 12:06 pm - 2 mins read

Claim - Windmill - permissible - evidence - proveusage - ITAT - TAXSCAN

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT)has held that a claim of depreciation on a windmill is permissible when evidence is adduced to prove the usage of the same. Therevenue challenged the order of the learned Commissioner of Income-tax (Appeals)-2, Ahmedabad [CIT(A)] dated 17.11.2017. KansaraPopatlalTribhovandas Metal Pvt. Ltd., the assessee engaged in…

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Topics

accountant member and Shri Siddhartha Nautiyal Ahmedabad bench CIT(A)Claim of Depreciation Evidence ITAT section 115JB of the Income-tax Act