https://www.taxtmi.com/article/detailed?id=17434 Depreciation for power undertakings is calculated on the actual cost of individual assets, with separate written-down values and terminal-depreciation deductions where disposal proceeds fall short and the deficiency is written off. Rule 25 nevertheless permits a timely, irrevocable election for written-down-value depreciation under Appendix I instead of Appendix II from the first power-generation tax year. This raises a question whether the rule-based election is authorised where the statutory provision does not expressly provide for it. en-us Sat, 19 Sep 2026 08:25:42 +0530 Sat, 19 Sep 2026 08:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17434 Depreciation for power undertakings is calculated on the actual cost of individual assets, with separate written-down values and terminal-depreciation deductions where disposal proceeds fall short and the deficiency is written off. Rule 25 nevertheless permits a timely, irrevocable election for written-down-value depreciation under Appendix I instead of Appendix II from the first power-generation tax year. This raises a question whether the rule-based election is authorised where the statutory provision does not expressly provide for it. Articles Income Tax Sat, 19 Sep 2026 08:25:42 +0530 https://www.taxtmi.com/article/detailed?id=17434