https://www.taxtmi.com/circulars?id=10435 100 percent depreciation is allowable for windmills and specially designed wind-energy devices. The Board notes suspected misuse by collusive inflation of machinery prices and by claiming depreciation without physical installation. It directs that scrutiny must fully verify these aspects before allowing claims, requires administrative Ministry certification where appropriate, permits selective surveys to verify compliance, and instructs tax administration to coordinate and act to prevent misuse. en-us Thu, 22 Dec 1994 00:00:00 +0530 Tue, 14 Jun 2011 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10435 100 percent depreciation is allowable for windmills and specially designed wind-energy devices. The Board notes suspected misuse by collusive inflation of machinery prices and by claiming depreciation without physical installation. It directs that scrutiny must fully verify these aspects before allowing claims, requires administrative Ministry certification where appropriate, permits selective surveys to verify compliance, and instructs tax administration to coordinate and act to prevent misuse. Circulars Income Tax Thu, 22 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10435