https://www.taxtmi.com/caselaws?id=177142 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to allow additional depreciation on windmills for power generation, dismissing the Revenue's appeal. The Tribunal determined that generating electricity through windmills constituted a manufacturing activity eligible for additional depreciation under section 32(1)(iia) of the Income Tax Act, 1961. Relying on legal precedents and interpretations, the Tribunal concluded that the assessee was entitled to the claimed depreciation, aligning with established principles and prior decisions on the matter. en-us Fri, 19 Dec 2014 00:00:00 +0530 Mon, 04 Jan 2016 12:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177142 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to allow additional depreciation on windmills for power generation, dismissing the Revenue's appeal. The Tribunal determined that generating electricity through windmills constituted a manufacturing activity eligible for additional depreciation under section 32(1)(iia) of the Income Tax Act, 1961. Relying on legal precedents and interpretations, the Tribunal concluded that the assessee was entitled to the claimed depreciation, aligning with established principles and prior decisions on the matter. Case-Laws Income Tax Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177142