Tribunal Rules 50% Depreciation Disallowed on Incomplete Boilers and Windmills; Must Be Fully Assembled for Delivery.

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....Depreciation on the boilers and windmill leased out by the assessee disallowed to the extent of 50% - unless various components and accessories of the boiler and windmill are assembled and constituted to fullfledged boiler and windmill, this Tribunal is of the considered opinion that there cannot be any delivery of the asset, namely, boiler and windmill. - AT....