https://www.taxtmi.com/caselaws?id=271672 The Tribunal dismissed the assessee's appeals regarding the disallowance of depreciation on windmills at 80% on the WDV method for assessment years 2010-2011 and 2011-2012. The decision was based on the failure to exercise the option for claiming depreciation under the WDV method before the due date for the initial assessment year, as required by the relevant legal provisions and judicial precedents. The Tribunal did not explicitly address the validity of the reopening of assessment under Section 147 of the Income Tax Act in its judgment. en-us Fri, 08 Jan 2016 00:00:00 +0530 Fri, 12 Feb 2016 09:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271672 The Tribunal dismissed the assessee's appeals regarding the disallowance of depreciation on windmills at 80% on the WDV method for assessment years 2010-2011 and 2011-2012. The decision was based on the failure to exercise the option for claiming depreciation under the WDV method before the due date for the initial assessment year, as required by the relevant legal provisions and judicial precedents. The Tribunal did not explicitly address the validity of the reopening of assessment under Section 147 of the Income Tax Act in its judgment. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271672