https://www.taxtmi.com/highlights?id=59161 Depreciation disallowance on the power plant in respect of newly installed building, plant and machinery comprising of a captive thermal power plant which was not put to use - no doubt the availability of coal and water for purchasing of the power are to very relevant factors for production of power, however they may be relevant in determining the allowability of the power purchase price, but does not have any impact on the allowability of depreciation to the assessee on leased out assets - CIT(A) rightly allowed the claim - AT en-us Wed, 11 Aug 2021 12:42:37 +0530 Wed, 11 Aug 2021 12:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59161 Depreciation disallowance on the power plant in respect of newly installed building, plant and machinery comprising of a captive thermal power plant which was not put to use - no doubt the availability of coal and water for purchasing of the power are to very relevant factors for production of power, however they may be relevant in determining the allowability of the power purchase price, but does not have any impact on the allowability of depreciation to the assessee on leased out assets - CIT(A) rightly allowed the claim - AT Highlights Income Tax Wed, 11 Aug 2021 12:42:37 +0530 https://www.taxtmi.com/highlights?id=59161