Chennai ITAT Allows 100% depreciation on salt pans including expenses on stone bunds

Allows 100% depreciation on salt pans including expenses on stone bunds; Assessee engaged in business of manufacturing and trading in industrial and edible salt; Stone bunds are a part and parcel of salt pans and cannot be treated differently; Rejects Revenue’s contention that 100% depreciation available only on salt pans, reservoirs and condensers, etc. made of earthy, sandy or clayey material : Chennai ITAT (to View Complete judgement Jakhau Salt- Chennai ITAT