Depreciation for power business expanded to include transmission, altering asset classification under tax law rules. The provision substitutes the phrase in clause (iia) so that the business of generation, transmission or distribution is expressly included, thereby ... Summary
Depreciation for power business expanded to include transmission, altering asset classification under tax law rules.
The provision substitutes the phrase in clause (iia) so that the business of generation, transmission or distribution is expressly included, thereby bringing transmission activities within the same depreciation treatment as generation and distribution for tax purposes.
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