https://www.taxtmi.com/caselaws?id=247145 The Commissioner of Income Tax (Appeals) allowed the claim for higher depreciation on windmills installed in the assessment year 2000-01 but upheld the disallowance for windmills installed in 2004-05 due to the belated filing of the return. The Tribunal ruled that filing the audit report before the due date qualifies as claiming higher depreciation, entitling the appellant to the benefit for windmills installed in 2004-05 despite the late return filing. The Assessing Officer was directed to verify the audit report filing date to ensure compliance, potentially allowing higher depreciation for the relevant assessment year. en-us Fri, 20 Dec 2013 00:00:00 +0530 Sat, 03 May 2014 09:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247145 The Commissioner of Income Tax (Appeals) allowed the claim for higher depreciation on windmills installed in the assessment year 2000-01 but upheld the disallowance for windmills installed in 2004-05 due to the belated filing of the return. The Tribunal ruled that filing the audit report before the due date qualifies as claiming higher depreciation, entitling the appellant to the benefit for windmills installed in 2004-05 despite the late return filing. The Assessing Officer was directed to verify the audit report filing date to ensure compliance, potentially allowing higher depreciation for the relevant assessment year. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247145