https://www.taxtmi.com/caselaws?id=179048 An ad hoc disallowance of wages and packing-related expenses is unwarranted where books, bills and vouchers are produced and no specific defects are identified in the supporting records. On the depreciation issue, civil construction and electrical fittings integrally connected with a windmill were treated as part of the windmill under the functional test, because the asset could not operate as intended without those components. The commentary therefore reflects two settled tax principles: suspicion alone is insufficient to sustain a percentage-based disallowance, and component assets essential to the working of a windmill may qualify for the higher depreciation rate applicable to the windmill itself. en-us Fri, 08 Oct 2010 00:00:00 +0530 Thu, 18 Feb 2016 18:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179048 An ad hoc disallowance of wages and packing-related expenses is unwarranted where books, bills and vouchers are produced and no specific defects are identified in the supporting records. On the depreciation issue, civil construction and electrical fittings integrally connected with a windmill were treated as part of the windmill under the functional test, because the asset could not operate as intended without those components. The commentary therefore reflects two settled tax principles: suspicion alone is insufficient to sustain a percentage-based disallowance, and component assets essential to the working of a windmill may qualify for the higher depreciation rate applicable to the windmill itself. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179048