https://www.taxtmi.com/caselaws?id=343314 The High Court affirmed the decision to allow depreciation on electrical installations used for manufacturing activities, emphasizing their integral role in the manufacturing process, particularly in iron and steel manufacturing. The court ruled in favor of the assessee, stating that the electrical installations qualified for depreciation at the rate applicable to plant and machinery, distinguishing them from mere electrical fittings like fans and switches. The judgment highlighted the importance of considering specific industrial requirements in determining eligibility for depreciation, ultimately supporting the assessee's claim and dismissing the appeal. en-us Wed, 22 Mar 2017 00:00:00 +0530 Tue, 23 May 2017 07:52:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343314 The High Court affirmed the decision to allow depreciation on electrical installations used for manufacturing activities, emphasizing their integral role in the manufacturing process, particularly in iron and steel manufacturing. The court ruled in favor of the assessee, stating that the electrical installations qualified for depreciation at the rate applicable to plant and machinery, distinguishing them from mere electrical fittings like fans and switches. The judgment highlighted the importance of considering specific industrial requirements in determining eligibility for depreciation, ultimately supporting the assessee's claim and dismissing the appeal. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343314