https://www.taxtmi.com/caselaws?id=215908 The Tribunal allowed the assessee's appeal regarding the disallowance of wheeling and transmission charges, ruling that the charges were not liable for deduction under specific sections of the Income Tax Act. However, the Tribunal upheld the reduction of depreciation claimed by the appellant and dismissed the revenue's appeal on the understatement of revenue. As a result, the assessee's appeal for AY 2007-08 was partly allowed, the appeal for AY 2008-09 was allowed, and the revenue's appeals for both years were dismissed. en-us Wed, 27 Jun 2012 00:00:00 +0530 Wed, 22 Aug 2012 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215908 The Tribunal allowed the assessee's appeal regarding the disallowance of wheeling and transmission charges, ruling that the charges were not liable for deduction under specific sections of the Income Tax Act. However, the Tribunal upheld the reduction of depreciation claimed by the appellant and dismissed the revenue's appeal on the understatement of revenue. As a result, the assessee's appeal for AY 2007-08 was partly allowed, the appeal for AY 2008-09 was allowed, and the revenue's appeals for both years were dismissed. Case-Laws Income Tax Wed, 27 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215908