https://www.taxtmi.com/caselaws?id=209660 The Tribunal allowed the appeal in part. It directed the AO to allow the depreciation claim on windmills as the asset was used for business purposes as of the relevant date, rejecting reliance on a survey statement. However, the disallowance of bad debts was upheld due to insufficient evidence proving the nature of the loss. The decision highlighted the significance of documentary evidence and adherence to legal precedents in tax assessments. en-us Wed, 15 Jun 2011 00:00:00 +0530 Wed, 04 May 2016 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209660 The Tribunal allowed the appeal in part. It directed the AO to allow the depreciation claim on windmills as the asset was used for business purposes as of the relevant date, rejecting reliance on a survey statement. However, the disallowance of bad debts was upheld due to insufficient evidence proving the nature of the loss. The decision highlighted the significance of documentary evidence and adherence to legal precedents in tax assessments. Case-Laws Income Tax Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209660