https://www.taxtmi.com/caselaws?id=254534 The Tribunal dismissed the Revenue's appeal regarding the disallowance of depreciation on windmill civil work, expenses, insurance expenditure, and transportation charges. The Tribunal upheld the CIT(A)'s decision to allow higher depreciation based on a Gujarat High Court ruling. The Tribunal partially allowed the assessee's cross-objection on the gratuity scheme contribution, remanding it for further verification with the approval certificate. Other issues regarding capitalization of finance and insurance charges, and transportation charges were dismissed for lack of prosecution. en-us Fri, 12 Dec 2014 00:00:00 +0530 Thu, 25 Dec 2014 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254534 The Tribunal dismissed the Revenue's appeal regarding the disallowance of depreciation on windmill civil work, expenses, insurance expenditure, and transportation charges. The Tribunal upheld the CIT(A)'s decision to allow higher depreciation based on a Gujarat High Court ruling. The Tribunal partially allowed the assessee's cross-objection on the gratuity scheme contribution, remanding it for further verification with the approval certificate. Other issues regarding capitalization of finance and insurance charges, and transportation charges were dismissed for lack of prosecution. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254534