https://www.taxtmi.com/caselaws?id=235988 The ITAT Bangalore upheld the CIT (A) decision, ruling that power generation through windmills qualifies as a manufacturing activity eligible for additional depreciation under section 32(1)(iia). The Tribunal emphasized that electricity generation falls within the definition of goods and is akin to the manufacture of an article or thing. The decision clarified that the amendment including power generation for additional depreciation supported this interpretation, dismissing the Revenue's appeal and affirming the allowance of additional depreciation for the power generated through windmills. en-us Fri, 02 Aug 2013 00:00:00 +0530 Wed, 20 Jul 2016 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235988 The ITAT Bangalore upheld the CIT (A) decision, ruling that power generation through windmills qualifies as a manufacturing activity eligible for additional depreciation under section 32(1)(iia). The Tribunal emphasized that electricity generation falls within the definition of goods and is akin to the manufacture of an article or thing. The decision clarified that the amendment including power generation for additional depreciation supported this interpretation, dismissing the Revenue's appeal and affirming the allowance of additional depreciation for the power generated through windmills. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235988