https://www.taxtmi.com/caselaws?id=190575 The Tribunal upheld the decision of the CIT(Appeals) and allowed the assessee's claim for additional depreciation on a windmill under Section 32(1)(iia) of the Income-tax Act, 1961. The Tribunal emphasized that the electricity generated by the windmill for captive consumption in manufacturing activities met the criteria for claiming additional depreciation, in line with judicial precedent. The Revenue's appeal was dismissed, highlighting the importance of judicial precedents in interpreting tax laws. en-us Fri, 01 Jan 2016 00:00:00 +0530 Sun, 19 Feb 2017 23:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190575 The Tribunal upheld the decision of the CIT(Appeals) and allowed the assessee's claim for additional depreciation on a windmill under Section 32(1)(iia) of the Income-tax Act, 1961. The Tribunal emphasized that the electricity generated by the windmill for captive consumption in manufacturing activities met the criteria for claiming additional depreciation, in line with judicial precedent. The Revenue's appeal was dismissed, highlighting the importance of judicial precedents in interpreting tax laws. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190575