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Court Rules Performance Level Not Grounds for Denying Depreciation on Installed Energy Saving Devices.

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....Disallowance of depreciation on account of energy saving and pollution control devices - AO has not disputed the fact that the devices were installed. The level of performance of devices is not a measure based on which the AO could have denied depreciation to the respondent/assessee. - HC....

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Court Rules Performance Level Not Grounds for Denying Depreciation on Installed Energy Saving Devices.