https://www.taxtmi.com/caselaws?id=22103 The court ruled in favor of the Revenue, holding that the initial depreciation claim under section 32(1)(vi) of the Income-tax Act was rightly denied as the business did not involve power generation or distribution. The court emphasized that for the claim to be valid, the machinery or plant must be installed for the business of generating or distributing electricity or any form of power. The interpretation of the statutory provision required the business itself to be related to power generation or distribution for the depreciation claim to succeed. en-us Thu, 30 May 1991 00:00:00 +0530 Mon, 07 Dec 2009 11:23:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22103 The court ruled in favor of the Revenue, holding that the initial depreciation claim under section 32(1)(vi) of the Income-tax Act was rightly denied as the business did not involve power generation or distribution. The court emphasized that for the claim to be valid, the machinery or plant must be installed for the business of generating or distributing electricity or any form of power. The interpretation of the statutory provision required the business itself to be related to power generation or distribution for the depreciation claim to succeed. Case-Laws Income Tax Thu, 30 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22103