Case Law Details
Case Name : NTPC Limited Vs Addl. CIT (ITAT Delhi)
Appeal Number : ITA No. 5718/Del/2015
Date of Judgement/Order : 05/08/2022
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Delhi
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NTPC Limited Vs Addl.CIT (ITAT Delhi)
Held that electricity is capable of abstraction, transmission, transfer, delivery, possession, consumption and use like any other movable property. Hence, additional depreciation u/s. 32(1)(iia) available to the assessee on activity of power generation.
Facts-
Additional depreciation-
Revenue alleged that activity of power generation cannot be considered as manufacturing of an article or thing hence it is not entitled for additional depreciation.
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