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 generation cannot be considered as manufacturing of an article or thing hence it is not entitled for additional depreciation. Non-deduction of TDS on load dispatch charges- AO observed that assessee has claimed expenses under the head â€...