EDUCATION INDUSTRY
Cyber Threats: Top Hackers threatening Higher Education Institutions right now!
Who are these gold miners, and what do they have to gain?
The court concluded that landfill cells are not waste disposal assets or buildings as envisaged by Sections 37B and 13, respectively. Instead, they are considered assets used in the process of manufacture, making them eligible for accelerated depreciation allowance under Section 12C. The court emphasized that the storage of leachate in the cells does not negate the fact that the cells are involved in the process of producing the leachate, qualifying them for the depreciation allowance under Section 12C. As a result of this ruling, taxpayers who own landfill cells or waste disposal assets may be able to claim the accelerated depreciation allowance under Section 12C, provided all the requirements of that section are met.