https://www.taxtmi.com/caselaws?id=183102 The Tribunal upheld the assessee's claim for 100% depreciation on a transformer, considering it an energy-saving device. It confirmed the 15% interest disallowance under section 40A(2)(b) and allowed depreciation on a lathe machine ready for use. The Tribunal directed the AO to allow 100% depreciation on Airier Vent Wind Driven Ventilators, recognizing them as energy-saving systems. It upheld the disallowance of depreciation on tools and dyes partially and confirmed the disallowance under section 14A r.w.r. 8D. en-us Thu, 31 Jan 2013 00:00:00 +0530 Sat, 28 May 2016 10:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183102 The Tribunal upheld the assessee's claim for 100% depreciation on a transformer, considering it an energy-saving device. It confirmed the 15% interest disallowance under section 40A(2)(b) and allowed depreciation on a lathe machine ready for use. The Tribunal directed the AO to allow 100% depreciation on Airier Vent Wind Driven Ventilators, recognizing them as energy-saving systems. It upheld the disallowance of depreciation on tools and dyes partially and confirmed the disallowance under section 14A r.w.r. 8D. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183102