https://www.taxtmi.com/caselaws?id=336495 The Tribunal denied the assessee's claim for depreciation on a new Windmill as it was not put to use for business purposes by the specified date. The surplus from the sale of the old Windmill was treated as long-term capital gain. The commission paid to foreign agents was allowed as no part of the income was deemed to arise in India. The claim for damaged goods was restored for further examination. Specific expenditures related to the Windmill were allowed depreciation at 80%. The foreign travel expenditure of a partner's spouse was partially allowed at 50%. en-us Mon, 24 Oct 2016 00:00:00 +0530 Wed, 21 Dec 2016 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336495 The Tribunal denied the assessee's claim for depreciation on a new Windmill as it was not put to use for business purposes by the specified date. The surplus from the sale of the old Windmill was treated as long-term capital gain. The commission paid to foreign agents was allowed as no part of the income was deemed to arise in India. The claim for damaged goods was restored for further examination. Specific expenditures related to the Windmill were allowed depreciation at 80%. The foreign travel expenditure of a partner's spouse was partially allowed at 50%. Case-Laws Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336495