COMMISSIONER OF INCOME TAX vs. M/S JINDAL STEEL THROUGH ITS MANAGING DIRECTOR
Appeals are hereby dismissed
C.A. No.-013771-013771 - 2015Supreme Court06 Dec 2023
Bench: HON'BLE MRS. JUSTICE B.V. NAGARATHNA
Section 260ASection 80
purchased twenty five MV turbines on
and around 08.07.1998 for the purpose of its eligible business.
Assessee claimed depreciation on the said turbines at the rate of 25%
on WDV basis. On perusal of the materials on record, assessing officer
held that in view of the change in the law with regard to allowance of
depreciation on the assets
