Depreciation on the boilers and windmill leased out by the ...

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

January 11, 2016

Case Laws Income Tax AT

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

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Depreciation on the boilers and windmill leased out by the ...

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

January 11, 2016

Case Laws Income Tax AT

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