Additional depreciation u/s 32(1)(iia) allowable on power generation activity

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 gener

Please become a Premium member. If you are already a Premium member, login here to access the full content.