https://www.taxtmi.com/caselaws?id=332337 The High Court affirmed the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling in favor of the assessee. The Court held that the assessee was entitled to claim depreciation on the windmill generator as it was acquired, installed, and operational before the relevant financial year end. Additionally, the Court found no violation of Rule 46A, emphasizing that the revenue had the opportunity to challenge the additional evidence but failed to do so. The Tax Case Appeal was dismissed, with both issues decided in favor of the assessee. en-us Tue, 23 Aug 2016 00:00:00 +0530 Thu, 02 Feb 2017 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332337 The High Court affirmed the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling in favor of the assessee. The Court held that the assessee was entitled to claim depreciation on the windmill generator as it was acquired, installed, and operational before the relevant financial year end. Additionally, the Court found no violation of Rule 46A, emphasizing that the revenue had the opportunity to challenge the additional evidence but failed to do so. The Tax Case Appeal was dismissed, with both issues decided in favor of the assessee. Case-Laws Income Tax Tue, 23 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332337