https://www.taxtmi.com/caselaws?id=246179 The Tribunal upheld the Assessing Officer's decision to allow only 25% depreciation on wind electric generators, reversing the CIT(A)'s allowance of 100% depreciation. However, the Tribunal dismissed the Revenue's appeals on deductions under section 80IA of the Income Tax Act, affirming the CIT(A)'s findings that no further depreciation was claimable from 2004-05 onwards and that the profits calculated for the deductions were accurate. en-us Tue, 07 Jan 2014 00:00:00 +0530 Fri, 18 Apr 2014 15:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246179 The Tribunal upheld the Assessing Officer's decision to allow only 25% depreciation on wind electric generators, reversing the CIT(A)'s allowance of 100% depreciation. However, the Tribunal dismissed the Revenue's appeals on deductions under section 80IA of the Income Tax Act, affirming the CIT(A)'s findings that no further depreciation was claimable from 2004-05 onwards and that the profits calculated for the deductions were accurate. Case-Laws Income Tax Tue, 07 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246179