Additional depreciation u/s 32(1)(iia) available in respect of windmill

Air Control India Pvt. Ltd Vs ITO (ITAT Pune)

Held that as the assessee is in windmill’s power generation business, additional depreciation available for windmill u/s 32(1)(iia).

Facts-

The assessee’s sole substantive grievance raised in the instant appeal challenges correctness of both the lower authorities’ action disallowing its additional depreciation claim of Rs.1,05,23,548/- u/s 32(1)(iia) of the Act on windm

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