https://www.taxtmi.com/caselaws?id=217273 The ITAT held that depreciation is allowable on the entire device capable of generating electricity using wind energy, including foundation, civil, and electrical works. The Revenue's appeal regarding depreciation and additional depreciation on these works was dismissed. However, the AO was directed to verify the utilization of borrowed amount for land purchase concerning depreciation on capitalized interest. The ITAT decided to restore the disallowance made under section 14A r.w.s. 8D without applicability for the assessment year 2007-2008 to the AO for fresh consideration, allowing the CO of the assessee for statistical purposes. en-us Fri, 02 Mar 2012 00:00:00 +0530 Fri, 08 Apr 2016 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217273 The ITAT held that depreciation is allowable on the entire device capable of generating electricity using wind energy, including foundation, civil, and electrical works. The Revenue's appeal regarding depreciation and additional depreciation on these works was dismissed. However, the AO was directed to verify the utilization of borrowed amount for land purchase concerning depreciation on capitalized interest. The ITAT decided to restore the disallowance made under section 14A r.w.s. 8D without applicability for the assessment year 2007-2008 to the AO for fresh consideration, allowing the CO of the assessee for statistical purposes. Case-Laws Income Tax Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217273