assessee is entitled to additional depreciation on the purchase of Wind Mills even though the main business of the assessee is not producing or generating ... right in allowing additional depreciation under Section 32(1)(iia) on wind mill amounting to Rs.33,29,562/- and Rs.37,28,824/- respectively
relevant to AY 1996-97, the assessee purchased Wind Mills and started producing electricity. The receipt of electric power generated through these mills is shown ... electric power charges in F.Y. 1995-96 when assessee purchased wind mills, it claimed depreciation of Rs. 1,04,44,150 which
from payment of central excise duty in
respect of manufacture of wind mills, parts of wind mills and any specially
designed devices which ... wind mills. As the appellant had received
orders from various wind mill manufacturers for specially designed
electrical cables, which were to be used
Coke Ltd. "GNRE", was the
owner of certain wind-mills located at Gujarat which were encumbered in
favour of a consortium of lenders ... plaintiffs entered into slump sale agreements with
GNRE to acquire the wind-mills. However, the consortium of lenders led by
the appellant bank
Venkataramani, Vice President
1. The Appellants are manufacturers of Wind Operated Electricity Generators (Wind Mill WOEG). They imported components for the Wind Mill covered ... supplier M/s. Wind Master of Belgium and claimed customs duty exemption Notification 64/94 dated 1-3-1994. Wind Mills or WOEG consists mainly
they receive electricity for this factory from their wind mill at Dewas through wheeling arrangement in terms of their agreement with M.P. State Electricity ... have chosen to use electricity generated by their captive wind power generators, the wind mills are situated in Dewas. These wind mills have been established
correct in law in
rejecting the claim of deprecitation on the wind mill even though
the said wind mill was commissioned as well as started ... assessee viz., the claim for depreciation in respect of one wind mill
established by the assessee and the claim for additional depreciation on the very
finalised disallowing depreciation on machinery and plant used in manufacture of wind mills.
(b) Aggrieved by such order, the assessee preferred an appeal ... justified in respect of the wind energy generators used in the process of manufacture of wind mills. So far as other machineries, viz., drilling machines
iron and steel products, including sponge iron. They own a wind mill. The assessee filed its return of income for the assessment year ... Appeals)-II, Chennai. On the disallowance of additional depreciation of the wind mill, before the appellate authority, the assessee has contended that they are engaged
Aashish Jhunjhunwala & Ors vs Kshitiz Chhawhharia, Rp Of Ramsarup ... on 4 March, 2021
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