https://www.taxtmi.com/caselaws?id=151505 The Tribunal allowed the appeal, overturning the decision of the Commissioner of Income-tax (Appeals) to restrict depreciation on a wind mill to 7.69%. The Tribunal held that the assessee had exercised the option for higher depreciation, albeit belatedly, and was entitled to the higher rate as per rule requirements. The technical defect by the Assessing Officer in denying the higher rate was remedied by the Tribunal's decision, granting the assessee the depreciation at the higher rate for the current year. en-us Fri, 08 Jan 2010 00:00:00 +0530 Thu, 06 Jun 2013 16:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151505 The Tribunal allowed the appeal, overturning the decision of the Commissioner of Income-tax (Appeals) to restrict depreciation on a wind mill to 7.69%. The Tribunal held that the assessee had exercised the option for higher depreciation, albeit belatedly, and was entitled to the higher rate as per rule requirements. The technical defect by the Assessing Officer in denying the higher rate was remedied by the Tribunal's decision, granting the assessee the depreciation at the higher rate for the current year. Case-Laws Income Tax Fri, 08 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151505