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
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
Aashish Jhunjhunwala & Ors vs Kshitiz Chhawhharia, Rp Of Ramsarup ... on 4 March, 2021
NATIONAL
Serum Institute Of India Ltd.,, Pune vs Deputy Commissioner Of Income-Tax,, on 12 October
80IA of the Act. Admittedly, the
assessee has set up 5 wind mills out of which two wind mills are set up in
the financial ... relevant A.Ys. 2005- 06 and 2006-07 and remaining 3
wind mills have been set up during the financial year relevant
genuine [GOA No. 7] [GOA No. 6]
Depreciation on wind mill
3,59,99,936 Not quantified ... appeal the revenue has challenged
following additions:-
i) Depreciation on wind mill Rs. 28,79,999/-;
ii) Direction of the Ld. CIT(A) to allow
sharing infrastructure facility' at
Village Baramsar, to run and maintain wind mill in the wind mill field
developed by Suzlon Developers Private Limited ... Wind Turbine Generator. It was
submitted that Suzlon Developers Private Limited has developed windmill
Farm at Village Baramsar, Jaisalmer, Rajasthan . In the said wind mill
contention and declined
assessee's claim of depreciation on the wind mill.
7. By the impugned order, CIT(A) allowed assessee's claim ... industrial construction of Wind Turbine Convertor, Erection and
Commissioning expenses of Wind Turbine Convertor, Transportation
expenses of wind mill. We direct accordingly
claimed deduction
u/s.80IA on the income from the wind mill. As seen from the profit & loss account
the profit from the activity ... contracts was
Rs.4283.10 lacs and the turnover of the wind mill was Rs.72.08 lacs accordingly
1.655% of the common expenses
