2002 (2) TMI 34

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..... ax Rules, 1962, and as such is eligible for depreciation at the rate of 30 per cent.?" - in our view, electric generator clearly falls under renewable energy devices and the Income-tax Appellate Tribunal has rightly allowed the depreciation at the rate of 30 per cent. on the basis of item (10A), clause (xiii) of Appendix I to the Income-tax Rules, 1962. The reference is answered in favour of the a .....

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..... y carrying on the business of re-rolling of stainless steel pattas through hot and cold process. The assessee claimed depreciation on generator set at the rate of 30 per cent. on the basis of item (10A) in the depreciation schedule in Appendix I. In the opinion of the Assessing Officer, the generator set is not run on wind energy as such it is not covered by item at (10A) and as such the higher de .....

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..... e coupled together noscitur a sociis, they are understood to be used in their cognate sense. They take, as it were, their colour from each other, the meaning of the more general being restricted to a sense analogous to that of the less general. Thus, in our view, the words electric generator must be construed ejusdem generis. The electric generator by itself generates electricity and therefore doe .....

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