https://www.taxtmi.com/caselaws?id=191113 The Tribunal upheld the CIT(A)'s decision to allow additional depreciation on the wind electric generator for the assessee involved in manufacturing speciality chemicals and generating wind power. The Tribunal found that the activities of the assessee met the criteria for claiming additional depreciation, emphasizing that operational connectivity to existing products was not necessary. Relying on relevant precedents, the Tribunal dismissed the Revenue's appeal, affirming the allowance of additional depreciation for the assessee. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 25 Apr 2017 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191113 The Tribunal upheld the CIT(A)'s decision to allow additional depreciation on the wind electric generator for the assessee involved in manufacturing speciality chemicals and generating wind power. The Tribunal found that the activities of the assessee met the criteria for claiming additional depreciation, emphasizing that operational connectivity to existing products was not necessary. Relying on relevant precedents, the Tribunal dismissed the Revenue's appeal, affirming the allowance of additional depreciation for the assessee. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191113