Held that the assessee purchased a used windmill which was installed before 31-3-2012 and the assessee had become the second owner and had not dismantled it from one place and re-erected in another place, the assessee was to be allowed depreciation at a rate of 80 per cent on such windmill. (AY. 2015-16)
Senthil Energy (P.) Ltd. v. ITO (2022) 195 ITD 473 (Chennai) (Trib.)
S. 32 : Depreciation-Windmills-Second owner-purchased used windmill which was installed before 31-3-2012-Not dismantled-Appendix-I of rule 5-Entitle for depreciation at the rate of 80 per cent.