https://www.taxtmi.com/caselaws?id=256501 The High Court upheld the Tribunal's decision, allowing depreciation on various components of a windmill project for the assessment year 2008-09. It ruled in favor of the assessee, granting depreciation on civil work, transformers, and electric items as integral parts of renewable energy devices. The Court affirmed that these components were essential for the windmill project's functioning and eligible for higher depreciation rates. Additionally, the Court maintained the status quo on issues related to interest-free funds for loans and advances, addition on an estimated basis, and expenses on earth filling and miscellaneous expenses based on previous Tribunal decisions. en-us Mon, 09 Feb 2015 00:00:00 +0530 Sat, 14 Feb 2015 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256501 The High Court upheld the Tribunal's decision, allowing depreciation on various components of a windmill project for the assessment year 2008-09. It ruled in favor of the assessee, granting depreciation on civil work, transformers, and electric items as integral parts of renewable energy devices. The Court affirmed that these components were essential for the windmill project's functioning and eligible for higher depreciation rates. Additionally, the Court maintained the status quo on issues related to interest-free funds for loans and advances, addition on an estimated basis, and expenses on earth filling and miscellaneous expenses based on previous Tribunal decisions. Case-Laws Income Tax Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256501