https://www.taxtmi.com/caselaws?id=328200 ITAT Chennai held that subordinate tax authorities were bound by earlier appellate findings that inter-divisional transfers of wind turbine generators were not sales, so manufacturing cost had to be spread only over the 156 units actually manufactured and depreciation on the 6 internally transferred units had to be recomputed accordingly. It further held that interest under section 220(2) could run only from the fresh demand notice issued pursuant to the subsequent assessment, not from the original demand, because the earlier demand had been superseded. Both issues were decided in favour of the assessee. en-us Wed, 06 Apr 2016 00:00:00 +0530 Sat, 28 May 2016 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328200 ITAT Chennai held that subordinate tax authorities were bound by earlier appellate findings that inter-divisional transfers of wind turbine generators were not sales, so manufacturing cost had to be spread only over the 156 units actually manufactured and depreciation on the 6 internally transferred units had to be recomputed accordingly. It further held that interest under section 220(2) could run only from the fresh demand notice issued pursuant to the subsequent assessment, not from the original demand, because the earlier demand had been superseded. Both issues were decided in favour of the assessee. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328200