The Tax Publishers2020 TaxPub(DT) 1482 (Bang-Trib) : (2020) 182 ITD 0030

INCOME TAX ACT, 1961

Section 32(1)

UPS is eligible for Depreciation @ 60%.

Depreciation - Rate of Depreciation - UPS -

Assessee claimed Depreciation on UPS @ 60%. AO restricted assessee's claim to 15%. Held: UPS was eligible for Depreciation @ 60%. AO was directed accordingly.

Followed:CIT v. BSES Yamuna Power Ltd. (2013) 40 taxmann.com 108 (Del).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2011-2012 to 2014-15

INCOME TAX ACT, 1961

Section 194J section 9(1)(vi)

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