https://www.taxtmi.com/caselaws?id=252657 The Court ruled in favor of the assessee in a case concerning the claim of depreciation on windmill installation under Rule 5(1A) Appendix 1A of the Income Tax Rules. The Court held that the assessee was entitled to depreciation without separately exercising the option as long as the returns were filed in accordance with the prescribed form. The appeal by the Revenue was dismissed, and no costs were awarded, emphasizing the importance of following prescribed procedures for claiming depreciation under the Income Tax Rules. en-us Tue, 28 Oct 2014 00:00:00 +0530 Fri, 31 Oct 2014 07:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252657 The Court ruled in favor of the assessee in a case concerning the claim of depreciation on windmill installation under Rule 5(1A) Appendix 1A of the Income Tax Rules. The Court held that the assessee was entitled to depreciation without separately exercising the option as long as the returns were filed in accordance with the prescribed form. The appeal by the Revenue was dismissed, and no costs were awarded, emphasizing the importance of following prescribed procedures for claiming depreciation under the Income Tax Rules. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252657