https://www.taxtmi.com/caselaws?id=151075 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) affirming the assessee's ownership of the windmill and entitlement to depreciation for the assessment year 2006-07. The Tribunal dismissed the Revenue's appeal, emphasizing the evidence supporting the assessee's ownership through agreements, payment details, and income receipts. The Tribunal found the transaction between the assessee and M/s. Surana Industries Ltd. to be genuine, rejecting the Revenue's argument of it being a finance transaction. The judgment was based on a thorough analysis of ownership, income assessment, and legal principles, delivered on April 23, 2010. en-us Fri, 23 Apr 2010 00:00:00 +0530 Tue, 28 May 2013 17:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151075 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) affirming the assessee's ownership of the windmill and entitlement to depreciation for the assessment year 2006-07. The Tribunal dismissed the Revenue's appeal, emphasizing the evidence supporting the assessee's ownership through agreements, payment details, and income receipts. The Tribunal found the transaction between the assessee and M/s. Surana Industries Ltd. to be genuine, rejecting the Revenue's argument of it being a finance transaction. The judgment was based on a thorough analysis of ownership, income assessment, and legal principles, delivered on April 23, 2010. Case-Laws Income Tax Fri, 23 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151075