https://www.taxtmi.com/caselaws?id=256508 The High Court upheld the decision that civil work, foundation, electrical items, and components essential for windmill installation are integral parts of a windmill, qualifying for depreciation under the Income Tax Rules. The court rejected the revenue's argument that depreciation is only allowed for windmills themselves, emphasizing the specialized and inseparable nature of these components in windmill operation. The court aligned with a previous Gujarat High Court judgment, concluding that these components form a common plant with the windmill and are eligible for depreciation under the renewable energy provisions. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 14 Feb 2015 13:11:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256508 The High Court upheld the decision that civil work, foundation, electrical items, and components essential for windmill installation are integral parts of a windmill, qualifying for depreciation under the Income Tax Rules. The court rejected the revenue's argument that depreciation is only allowed for windmills themselves, emphasizing the specialized and inseparable nature of these components in windmill operation. The court aligned with a previous Gujarat High Court judgment, concluding that these components form a common plant with the windmill and are eligible for depreciation under the renewable energy provisions. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256508