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Additional depreciation available on installation of power plant & windmill

Case Law Details

Case Name
DCIT Vs Nalwa Steel And Power Ltd (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2011-12
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DCIT Vs Nalwa Steel And Power Ltd (ITAT Delhi) Facts- The assessee is engaged in the field of manufacturing and selling of sponge iron, billets, wire rod, TMT and generation of power etc. The assessee filed its e-return declaring total income of Rs.13,46,04,924 on 02/09/2011 and the said return was revised on 25/02/2012, by declaring return of income of Rs.13,76,20,792. After following the due proceedings under law and the assessment order has been passed against the assessee by assessing the income of the assessee at Rs.20,03,31,190/- and recomputed Book profit at Rs. 48,49,78,360/- u/s. 115J...
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