Held that the assessee has obtained clearance for commissioning of windmill from the State Government Agency MEDA in the month of March 2006 and also generated some income on sale of wind power. The assessee is entitle to depreciation. (AY. 2006-07)
Tanaaya Gems & Jewellery Exports Ltd v. Dy.CIT(2023) 225 TTJ 615(Mum)(Tri)
S. 32 : Depreciation-Windmill-Obtained clearance and generated some income on sale of wind power-Entitle to depreciation.[ S. 32(1)(ii)]