https://www.taxtmi.com/caselaws?id=333821 Additional depreciation under section 32(1)(iia) was stated to be available for plant and machinery installed in a windmill project without any requirement of operational connectivity with the assessee's existing manufacturing business, so long as the statutory conditions are met; the benefit was allowed on that basis. On section 14A read with rule 8D, the discussion noted that a mechanical computation was not justified where the assessee had made a voluntary disallowance and the exempt income consisted mainly of tax-free bonds, dividend, PPF interest and long-term capital gains; the disallowance was therefore confined to the voluntary amount. For short TDS credit, the Assessing Officer was directed to verify the supporting documents and grant credit according to law. en-us Wed, 14 Sep 2016 00:00:00 +0530 Tue, 25 Oct 2016 16:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333821 Additional depreciation under section 32(1)(iia) was stated to be available for plant and machinery installed in a windmill project without any requirement of operational connectivity with the assessee's existing manufacturing business, so long as the statutory conditions are met; the benefit was allowed on that basis. On section 14A read with rule 8D, the discussion noted that a mechanical computation was not justified where the assessee had made a voluntary disallowance and the exempt income consisted mainly of tax-free bonds, dividend, PPF interest and long-term capital gains; the disallowance was therefore confined to the voluntary amount. For short TDS credit, the Assessing Officer was directed to verify the supporting documents and grant credit according to law. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333821