https://www.taxtmi.com/highlights?id=58380 Disallowance of excess depreciation of electrical installation - since the assessee is engaged in manufacturing of cotton yarn and the electrical installation for which the assessee has claimed depreciation @ 15% are integral part of plant and machinery without which plant and machinery in the unit cannot operate, therefore the depreciation is allowable for the items claimed by the assessee @ 15% by treating the same as electrical installations which forms part of the plant and machinery. - AT en-us Wed, 16 Jun 2021 11:48:22 +0530 Wed, 16 Jun 2021 11:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58380 Disallowance of excess depreciation of electrical installation - since the assessee is engaged in manufacturing of cotton yarn and the electrical installation for which the assessee has claimed depreciation @ 15% are integral part of plant and machinery without which plant and machinery in the unit cannot operate, therefore the depreciation is allowable for the items claimed by the assessee @ 15% by treating the same as electrical installations which forms part of the plant and machinery. - AT Highlights Income Tax Wed, 16 Jun 2021 11:48:22 +0530 https://www.taxtmi.com/highlights?id=58380