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Additional depreciation u/s. 32(1)(iia) admissible on process of compression of natural gas: ITAT Ahmedabad
Case Law Details
- Case Name
- Gujarat Gas Ltd. Vs PCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Gujarat Gas Ltd. Vs PCIT (ITAT Ahmedabad)
ITAT Ahmedabad held that additional depreciation under section 32(1)(iia) of the Income Tax Act admissible since process of compression of natural gas qualifies as manufacturing activity.
Facts- PCIT observed that the assessee company had claimed additional depreciation on certain block of assets. PCIT observed that the assessee company is engaged in the business of city gas distribution including sale purchase, supply, processing, distribution and transportation of natural gas. PCIT was of the view that mere process of compression of natural gas canno...
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