https://www.taxtmi.com/caselaws?id=197086 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision to restrict the depreciation claim on a coal-fired pressure boiler to 50% for a manufacturing company. The ITAT found that the cogeneration plant, including the boiler and turbine, only commenced operation in February 2009, not in September 2008 as claimed by the assessee. Additionally, the ITAT confirmed the mandatory levy of interest under sections 234B and 234C of the Income Tax Act, dismissing the assessee's appeal on this ground. en-us Wed, 09 Apr 2014 00:00:00 +0530 Tue, 26 Dec 2017 08:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197086 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision to restrict the depreciation claim on a coal-fired pressure boiler to 50% for a manufacturing company. The ITAT found that the cogeneration plant, including the boiler and turbine, only commenced operation in February 2009, not in September 2008 as claimed by the assessee. Additionally, the ITAT confirmed the mandatory levy of interest under sections 234B and 234C of the Income Tax Act, dismissing the assessee's appeal on this ground. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197086