https://www.taxtmi.com/caselaws?id=180210 The Appellate Tribunal ITAT JODHPUR ruled that a Wind Mill commissioned on the last day of the financial year is entitled to depreciation. The assessee had installed Wind-Mills before 31.03.2008 and claimed depreciation, which was initially denied due to lack of proof of electricity generation. The Tribunal found the Wind-Mills were ready for use on 31.03.2008, allowing the assessee's depreciation claim under Section 32 of the Act. The decision aligned with precedents equating "put to use" with "ready for use" for depreciation purposes. en-us Wed, 23 Jan 2013 00:00:00 +0530 Fri, 18 Mar 2016 15:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180210 The Appellate Tribunal ITAT JODHPUR ruled that a Wind Mill commissioned on the last day of the financial year is entitled to depreciation. The assessee had installed Wind-Mills before 31.03.2008 and claimed depreciation, which was initially denied due to lack of proof of electricity generation. The Tribunal found the Wind-Mills were ready for use on 31.03.2008, allowing the assessee's depreciation claim under Section 32 of the Act. The decision aligned with precedents equating "put to use" with "ready for use" for depreciation purposes. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180210