https://www.taxtmi.com/caselaws?id=282594 The Tribunal allowed the Assessee's appeal, establishing eligibility for additional depreciation under section 32(1)(iia) for a Special Purpose Vehicle engaged in power generation for a Captive Power Plant. The decision clarified that power generation qualifies for additional depreciation akin to the production of an article, supporting the Assessee's claim. The Assessee was entitled to the additional claim of depreciation on plants and machinery in the Captive Power Plant, as assessees engaged in power generation were eligible for additional depreciation even before the 2012 amendment. en-us Thu, 06 Sep 2018 00:00:00 +0530 Wed, 14 Aug 2019 06:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282594 The Tribunal allowed the Assessee's appeal, establishing eligibility for additional depreciation under section 32(1)(iia) for a Special Purpose Vehicle engaged in power generation for a Captive Power Plant. The decision clarified that power generation qualifies for additional depreciation akin to the production of an article, supporting the Assessee's claim. The Assessee was entitled to the additional claim of depreciation on plants and machinery in the Captive Power Plant, as assessees engaged in power generation were eligible for additional depreciation even before the 2012 amendment. Case-Laws Income Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282594