https://www.taxtmi.com/caselaws?id=270871 The Tribunal upheld the decision of the Ld. CIT(A) regarding the claim of depreciation on electrical installations and ownership rights over the assets, allowing the assessee to claim depreciation for the relevant year. The appellant was found to be the beneficial owner of the power distribution machinery, enabling them to qualify for depreciation under the Income Tax Act. The Tribunal dismissed the revenue's appeal, affirming the appellant's right to claim depreciation on the electrical installations. en-us Tue, 15 Dec 2015 00:00:00 +0530 Tue, 19 Jan 2016 06:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270871 The Tribunal upheld the decision of the Ld. CIT(A) regarding the claim of depreciation on electrical installations and ownership rights over the assets, allowing the assessee to claim depreciation for the relevant year. The appellant was found to be the beneficial owner of the power distribution machinery, enabling them to qualify for depreciation under the Income Tax Act. The Tribunal dismissed the revenue's appeal, affirming the appellant's right to claim depreciation on the electrical installations. Case-Laws Income Tax Tue, 15 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270871