Depreciation eligible on Solar Power Plant as electricity utilized for factory operations

Viney Corporation Ltd Vs ACIT (ITAT Delhi) ITAT Delhi held that depreciation on Solar Power Plant installed on office building which is part of factory and electricity so generated is used for factory only is allowable as per provision of law. Facts- The assessee is engaged in manufacturing of auto components and entered into domestic transaction with its Associate Enterprise. Accordingly, the issue was referred to Transfer Pricing Officer (TPO). On the basis of recommendation of TPO, a draft assessment order was passed u/s 143(3)/ 144C of the Act on 31.12.2018. The assessee filed its objectio...