https://www.taxtmi.com/caselaws?id=122002 The Tribunal ruled in favor of the assessee on three key issues. It directed the allowance of depreciation on Wind Turbine Generating Sets (WTGS) after finding evidence of commissioning within the assessment year. It also ordered the full allowance of foreign travel expenses, disagreeing with earlier disallowances due to insufficient details. Lastly, the Tribunal upheld the allowance of vehicle expenses, supporting the CIT(A)'s decision based on established legal precedent. Consequently, the assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. en-us Tue, 06 Nov 2007 00:00:00 +0530 Mon, 29 Jan 2024 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122002 The Tribunal ruled in favor of the assessee on three key issues. It directed the allowance of depreciation on Wind Turbine Generating Sets (WTGS) after finding evidence of commissioning within the assessment year. It also ordered the full allowance of foreign travel expenses, disagreeing with earlier disallowances due to insufficient details. Lastly, the Tribunal upheld the allowance of vehicle expenses, supporting the CIT(A)'s decision based on established legal precedent. Consequently, the assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 06 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122002