https://www.taxtmi.com/caselaws?id=235984 The Tribunal upheld the CIT(A)'s decision to allow depreciation at 80% for the assessee's contribution towards Power Evacuation Infrastructure facilities, emphasizing their essential role in electricity generation. Depreciation at 80% was also allowed for the electricity line used for metering transmission, aligning with the previous decision. However, depreciation at 40% was granted for equipment used for less than 180 days. The Tribunal's judgment provided detailed reasoning and referenced precedents to support the decisions on depreciation allowances for the various assets involved in the case. en-us Fri, 02 Aug 2013 00:00:00 +0530 Sat, 10 Aug 2013 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235984 The Tribunal upheld the CIT(A)'s decision to allow depreciation at 80% for the assessee's contribution towards Power Evacuation Infrastructure facilities, emphasizing their essential role in electricity generation. Depreciation at 80% was also allowed for the electricity line used for metering transmission, aligning with the previous decision. However, depreciation at 40% was granted for equipment used for less than 180 days. The Tribunal's judgment provided detailed reasoning and referenced precedents to support the decisions on depreciation allowances for the various assets involved in the case. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235984