Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]

Depreciation - Solar Power Plant - Depreciation on Solar Power - Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the depreciation on Solar Power Plants shall be allowed if electricity is generated for the captive use of the factory. The assessee filed its return of income declaring a total income of Rs. 22,74,13,620/-. The case was selected for limited scrutiny through Computer…

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