https://www.taxtmi.com/caselaws?id=261681 The appellate tribunal upheld the decision of the Commissioner of Income Tax (Appeals) in favor of the assessee. The disallowance of excess depreciation claimed on the Wind Mill was rejected, with the Transformer, HT, and Electrical supply unit considered integral parts eligible for higher depreciation rates. The court emphasized the essential composite system of the Wind Mill, including power generation and distribution components, supporting the assessee's position. The Revenue's appeal was dismissed, affirming the eligibility of the mentioned units for increased depreciation within the Wind Mill system. en-us Fri, 10 Jul 2015 00:00:00 +0530 Mon, 20 Jul 2015 09:45:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261681 The appellate tribunal upheld the decision of the Commissioner of Income Tax (Appeals) in favor of the assessee. The disallowance of excess depreciation claimed on the Wind Mill was rejected, with the Transformer, HT, and Electrical supply unit considered integral parts eligible for higher depreciation rates. The court emphasized the essential composite system of the Wind Mill, including power generation and distribution components, supporting the assessee's position. The Revenue's appeal was dismissed, affirming the eligibility of the mentioned units for increased depreciation within the Wind Mill system. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261681