https://www.taxtmi.com/caselaws?id=326151 The High Court upheld the Tribunal's decision on depreciation for expenses related to setting up Windmills, stating they were integral parts of the Windmill and not separate items for Plant and Machinery. The Court cited precedents and concurrent findings of fact, dismissing the appeal due to no substantial question of law. Additionally, the Court referenced settled law on depreciation for civil foundation work, following a previous case's decision and dismissing the appellant's challenge. The appeal was ultimately dismissed on both issues, with no costs awarded. en-us Tue, 01 Mar 2016 00:00:00 +0530 Wed, 06 Apr 2016 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326151 The High Court upheld the Tribunal's decision on depreciation for expenses related to setting up Windmills, stating they were integral parts of the Windmill and not separate items for Plant and Machinery. The Court cited precedents and concurrent findings of fact, dismissing the appeal due to no substantial question of law. Additionally, the Court referenced settled law on depreciation for civil foundation work, following a previous case's decision and dismissing the appellant's challenge. The appeal was ultimately dismissed on both issues, with no costs awarded. Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326151