https://www.taxtmi.com/caselaws?id=155046 The Tribunal affirmed the Commissioner of Income-tax (Appeals)' decision to allow the assessee's higher claim of depreciation on windmill machinery. The Tribunal held that the assessee's filing of the depreciation statement along with the return sufficed as the exercise of the option for higher depreciation, dismissing the Revenue's appeal. The decision was based on a previous Tribunal ruling emphasizing that no specific form was required for opting for higher depreciation. en-us Wed, 21 Mar 2012 00:00:00 +0530 Sat, 31 Aug 2013 11:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155046 The Tribunal affirmed the Commissioner of Income-tax (Appeals)' decision to allow the assessee's higher claim of depreciation on windmill machinery. The Tribunal held that the assessee's filing of the depreciation statement along with the return sufficed as the exercise of the option for higher depreciation, dismissing the Revenue's appeal. The decision was based on a previous Tribunal ruling emphasizing that no specific form was required for opting for higher depreciation. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155046