https://www.taxtmi.com/caselaws?id=257912 The High Court upheld the Tribunal's decision, affirming that the generation of power through a windmill qualifies for additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Court considered the windmill division as a separate business eligible for depreciation, separate from the textile manufacturing division. The Revenue's challenge was dismissed as it failed to provide new evidence contradicting established case law, resulting in the appeals being rejected. en-us Tue, 17 Mar 2015 00:00:00 +0530 Wed, 12 Aug 2015 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257912 The High Court upheld the Tribunal's decision, affirming that the generation of power through a windmill qualifies for additional depreciation under Section 32(1)(iia) of the Income Tax Act. The Court considered the windmill division as a separate business eligible for depreciation, separate from the textile manufacturing division. The Revenue's challenge was dismissed as it failed to provide new evidence contradicting established case law, resulting in the appeals being rejected. Case-Laws Income Tax Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257912