Assessee eligible to claim additional dep. on windmill installed for generation of electricity: HC

INCOME TAX : Generation of electricity by windmill should be equated to term ‘manufacturing or production of article or thing, and, therefore, assessee was entitled to claim additional depreciation on windmill installed as per provision of section 32(1)(iia)INCOME TAX : Generation of electricity by windmill should be equated to term ‘manufacturing or production of article or thing, and, therefore, assessee was entitled to claim additional depreciation on windmill installed as per provision of section 32(1)(iia)www.taxmann.com Latest Case LawsRead More

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