Tribunal Approves 80% Depreciation for New Turbine Generator Set Under Income Tax Act Section 32.

Tribunal Approves 80% Depreciation for New Turbine Generator Set Under Income Tax Act Section 32. https://www.taxtmi.com/highlights?id=28910 Depreciation on the new Turbine Generator (TG) set - extent of user is not the basis of allowing depreciation under Section 32 of the Act - Tribunal rightly allowed claim at full rate i.e. 80% by relying on the internal minutes of the meeting between the assessee and the erectors - HC en-us Mon, 02 May 2016 00:37:31 +0530 Mon, 02 May 2016 00:11:16 +0530 TaxTMI RSS Generator Tribunal Approves 80% Depreciation for New Turbine Generator Set Under Income Tax Act Section 32. https://www.taxtmi.com/highlights?id=28910 Depreciation on the new Turbine Generator (TG) set - extent of user is not the basis of allowing depreciation under Section 32 of the Act - Tribunal rightly allowed claim at full rate i.e. 80% by relying on the internal minutes of the meeting between the assessee and the erectors - HC Highlights Income Tax Mon, 02 May 2016 00:37:31 +0530 https://www.taxtmi.com/highlights?id=28910