Facts of the Case
For the relevant assessment year, the respondent-assessee
claimed depreciation on a windmill installed for the generation of electricity.
The claim was based on the assertion that the windmill had been installed and
commissioned before 31 March 1996.
The Assessing Officer disallowed the depreciation
claim on the ground that the assessee had failed to establish that the windmill
was commissioned before 31 March 1996 and, therefore, was not entitled to
depreciation for the year under consideration.
On appeal, the Commissioner of Income Tax (Appeals)
re-examined the evidence available on record and reversed the findings of the
Assessing Officer. The Revenue challenged the order before the Income Tax
Appellate Tribunal; however, the Tribunal also upheld the assessee’s claim and
affirmed that the windmill had been commissioned before 31 March 1996.
Issues
Involved
- Whether the assessee had successfully established that the windmill
was commissioned before 31 March 1996.
- Whether depreciation under Section 32 could be denied on the ground
that commissioning before the prescribed date was not proved.
- Whether any substantial question of law arose from the concurrent
findings of fact recorded by the Commissioner (Appeals) and the Tribunal.
Petitioner’s
Arguments (Revenue)
- The Revenue contended that the assessee had failed to prove that
the windmill had been commissioned before 31 March 1996.
- It was argued that in the absence of satisfactory evidence
regarding commissioning, depreciation could not be granted.
- The Revenue challenged the orders of the Commissioner (Appeals) and
the Tribunal granting depreciation to the assessee.
Respondent’s
Arguments (Assessee)
- The assessee maintained that the windmill had been duly installed
and commissioned before 31 March 1996.
- It relied upon the evidence placed on record before the appellate
authorities.
- The assessee argued that both the Commissioner (Appeals) and the
Tribunal had correctly appreciated the evidence and had rightly concluded
that the windmill stood commissioned before the relevant cut-off date.
Court Order
/ Findings
The Delhi High Court observed that both the
Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal had
concurrently found, on appreciation of the evidence, that the windmill
installed by the assessee had been commissioned before 31 March 1996.
The Court held that these findings were pure
findings of fact and did not suffer from any perversity. Since the concurrent
factual findings were based on evidence and were not shown to be erroneous or
unreasonable, no substantial question of law arose for consideration.
Accordingly, the appeal filed by the Revenue was
dismissed.
Important
Clarification
- A concurrent finding of fact by the Commissioner (Appeals) and the
Tribunal regarding commissioning of an asset will ordinarily not be
interfered with by the High Court unless such finding is shown to be
perverse.
- Where evidence establishes that a windmill or other plant and
machinery was commissioned before the relevant date, depreciation cannot
be denied merely on the basis of a different factual view of the Assessing
Officer.
- The High Court's jurisdiction under Section 260A is confined to
substantial questions of law and does not extend to re-appreciation of
evidence in the absence of perversity.
Sections
Involved
- Section 32 of the Income-tax Act, 1961 – Depreciation on Plant and Machinery
- Principles relating to commissioning and use of assets for
depreciation purposes under the Income-tax Act, 1961.
Link to
Download the Order
https://delhihighcourt.nic.in/app/case_number_pdf/2006:DHC:24079-DB/61317012006ITA432006_130325.pdf
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