https://www.taxtmi.com/caselaws?id=269252 The Appellate Tribunal ITAT Jaipur upheld the allowance of depreciation claimed by the assessee for the Wind Mill project. The Tribunal found that the asset was put to use for more than 180 days, supporting the claim for 80% depreciation. The decision emphasized the distinction between "180 days" and "6 months" for asset usage and the correct interpretation of "put to use" for depreciation purposes under relevant provisions of the Income Tax Act. The disallowance of depreciation by the Assessing Officer was deleted, and the appeal by the Revenue was dismissed. en-us Fri, 09 Oct 2015 00:00:00 +0530 Sat, 19 Dec 2015 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269252 The Appellate Tribunal ITAT Jaipur upheld the allowance of depreciation claimed by the assessee for the Wind Mill project. The Tribunal found that the asset was put to use for more than 180 days, supporting the claim for 80% depreciation. The decision emphasized the distinction between "180 days" and "6 months" for asset usage and the correct interpretation of "put to use" for depreciation purposes under relevant provisions of the Income Tax Act. The disallowance of depreciation by the Assessing Officer was deleted, and the appeal by the Revenue was dismissed. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269252