https://www.taxtmi.com/caselaws?id=190527 The High Court affirmed the decisions of the appellate authority and the Tribunal, dismissing the revenue's appeal. The Court held that the assessee is entitled to additional depreciation on the windmill under Section 32(1)(iia) of the Income Tax Act, 1961. Additionally, the disallowance of Employees' Provident Fund (PF) and Employees' State Insurance (ESI) contributions was upheld. The judgment emphasized that additional depreciation is permissible for new machinery or plant installed by a manufacturing entity, irrespective of operational connectivity to existing manufacturing activities. en-us Mon, 22 Aug 2016 00:00:00 +0530 Sat, 18 Feb 2017 10:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190527 The High Court affirmed the decisions of the appellate authority and the Tribunal, dismissing the revenue's appeal. The Court held that the assessee is entitled to additional depreciation on the windmill under Section 32(1)(iia) of the Income Tax Act, 1961. Additionally, the disallowance of Employees' Provident Fund (PF) and Employees' State Insurance (ESI) contributions was upheld. The judgment emphasized that additional depreciation is permissible for new machinery or plant installed by a manufacturing entity, irrespective of operational connectivity to existing manufacturing activities. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190527