https://www.taxtmi.com/caselaws?id=270817 The opening written down value of a windmill, having been accepted in the earlier year, could not be disturbed in a later year for recomputing depreciation in the absence of fresh material; depreciation was therefore allowable on the brought-forward value. The consolidated cost of the windmill, including foundation, erection, electrical items, installation and allied charges, was treated as part of the same depreciable asset because no reliable bifurcation into separate assets was shown and the items were integral to operation. The entire consolidated cost accordingly qualified for depreciation at the prescribed higher rate. en-us Mon, 09 Nov 2015 00:00:00 +0530 Sat, 16 Jan 2016 07:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270817 The opening written down value of a windmill, having been accepted in the earlier year, could not be disturbed in a later year for recomputing depreciation in the absence of fresh material; depreciation was therefore allowable on the brought-forward value. The consolidated cost of the windmill, including foundation, erection, electrical items, installation and allied charges, was treated as part of the same depreciable asset because no reliable bifurcation into separate assets was shown and the items were integral to operation. The entire consolidated cost accordingly qualified for depreciation at the prescribed higher rate. Case-Laws Income Tax Mon, 09 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270817