https://www.taxtmi.com/caselaws?id=268113 ITAT Pune held that windmill foundation, erection and commissioning expenditure is integral to installation and operationalisation of the turbine, so the portion attributable to those costs qualifies for the higher depreciation rate, while only purely civil work may be restricted to a lower rate. It also held that, for section 80IA, computation must be made undertaking-wise rather than on the assessee's composite business, so losses of one windmill unit cannot be set off against profits of another eligible unit where separate accounts are maintained. The Revenue's challenge failed on both issues and the relief granted by the first appellate authority was sustained. en-us Tue, 28 Jan 2014 00:00:00 +0530 Fri, 20 Nov 2015 10:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268113 ITAT Pune held that windmill foundation, erection and commissioning expenditure is integral to installation and operationalisation of the turbine, so the portion attributable to those costs qualifies for the higher depreciation rate, while only purely civil work may be restricted to a lower rate. It also held that, for section 80IA, computation must be made undertaking-wise rather than on the assessee's composite business, so losses of one windmill unit cannot be set off against profits of another eligible unit where separate accounts are maintained. The Revenue's challenge failed on both issues and the relief granted by the first appellate authority was sustained. Case-Laws Income Tax Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268113