https://www.taxtmi.com/caselaws?id=219470 The Tribunal dismissed all three appeals of the Revenue, upholding the decisions made by the CIT(A) in favor of the assessee regarding the depreciation on items related to windmills and the disallowance under section 14A for earning exempted income. The Tribunal emphasized that items like specialized foundation, electrical fittings, and approach roads were integral to a windmill and should be considered part of it for depreciation purposes, based on a previous case precedent. The Revenue's grounds were dismissed, and the CIT(A)'s decisions were upheld. en-us Tue, 24 Jul 2012 00:00:00 +0530 Sat, 13 Oct 2012 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219470 The Tribunal dismissed all three appeals of the Revenue, upholding the decisions made by the CIT(A) in favor of the assessee regarding the depreciation on items related to windmills and the disallowance under section 14A for earning exempted income. The Tribunal emphasized that items like specialized foundation, electrical fittings, and approach roads were integral to a windmill and should be considered part of it for depreciation purposes, based on a previous case precedent. The Revenue's grounds were dismissed, and the CIT(A)'s decisions were upheld. Case-Laws Income Tax Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219470