Disallowance of higher reduction of depreciation on the cost of ...

Civil engineering costs for solar panel foundations qualify for plant depreciation but not higher reduction.

March 17, 2020

Case Laws Income Tax AT

Disallowance of higher reduction of depreciation on the cost of civil engineering works for laying foundation of solar power panels - the expenditure which is incurred by the assessee in the process of installation of solar panels is for the purpose of solar power plant. Thus the cost of said work cannot be separated from the installation of solar power plant and entire cost of solar power plant is eligible for depreciation as applicable for plant and machinery. - AT

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Disallowance of higher reduction of depreciation on the cost of ...

Civil engineering costs for solar panel foundations qualify for plant depreciation but not higher reduction.

March 17, 2020

Case Laws Income Tax AT

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