Aerators used for prawn farming can’t be treated as equipment for pollution control; not eligible for 100% dep.: HC

INCOME TAX : Where assessee cultivated prawns and claimed 100 per cent depreciation on aerators on ground that same were pollution control equipments used for providing healthy growth of prawns, since District Fishery Officers in response to summons issued by AO disclosed that said aerators would be considered as aquaculture equipments and not equipments for pollution control,INCOME TAX : Where assessee cultivated prawns and claimed 100 per cent depreciation on aerators on ground that same were pollution control equipments used for providing healthy growth of prawns, since District Fishery Officers in response to summons issued by AO disclosed that said aerators would be considered as aquaculture equipments and not equipments for pollution control,www.taxmann.com Latest Case LawsRead More

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