https://www.taxtmi.com/caselaws?id=178403 The Tribunal dismissed both appeals of the Revenue related to claiming additional depreciation under section 32(1)(ii) of the Income Tax Act and the treatment of wind mill and electrical works as separate components for depreciation. The Tribunal upheld the CIT(A) order, stating that generation of electricity qualifies as a manufacturing activity. It also ruled that civil and electrical components of wind mills cannot be given separate treatment for depreciation, directing depreciation at 80% on the whole cost of the wind mill. The decisions were based on previous tribunal judgments supporting the assessee's position. en-us Wed, 09 Apr 2014 00:00:00 +0530 Thu, 04 Feb 2016 07:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178403 The Tribunal dismissed both appeals of the Revenue related to claiming additional depreciation under section 32(1)(ii) of the Income Tax Act and the treatment of wind mill and electrical works as separate components for depreciation. The Tribunal upheld the CIT(A) order, stating that generation of electricity qualifies as a manufacturing activity. It also ruled that civil and electrical components of wind mills cannot be given separate treatment for depreciation, directing depreciation at 80% on the whole cost of the wind mill. The decisions were based on previous tribunal judgments supporting the assessee's position. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178403