The High Court held that the solar plant was put to use for the ...

Solar plant entitled depreciation from installation despite initial defects; business use determined by electricity generation date.

December 12, 2024

Case Laws Income Tax HC

The High Court held that the solar plant was put to use for the purpose of business on 20.03.2013 when it started generating electricity, despite being non-functional initially due to defects. Consequently, the assessee was entitled to claim depreciation on the solar plant from the financial year 2012-13 itself, even though synchronization with the grid took place on 20.04.2013 in the subsequent financial year 2013-14. The appeal filed by the Revenue was dismissed.

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The High Court held that the solar plant was put to use for the ...

Solar plant entitled depreciation from installation despite initial defects; business use determined by electricity generation date.

December 12, 2024

Case Laws Income Tax HC

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