https://www.taxtmi.com/caselaws?id=191137 The ITAT dismissed the Revenue's appeal regarding the disallowance of additional depreciation claimed on a wind mill for manufacturing tiles, upholding the assessee's claim based on precedents allowing additional depreciation for setting up new machinery. Additionally, the ITAT upheld the CIT(A)'s decision to delete excise duty on the closing stock of finished goods, citing CBDT instructions prohibiting appeals below a specified tax effect threshold. The ITAT allowed the Department to seek a recall if the tax effect exceeded the threshold. The appeals were dismissed for the Assessment Years 2006-07 and 2009-10. en-us Wed, 02 Mar 2016 00:00:00 +0530 Wed, 22 Mar 2017 08:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191137 The ITAT dismissed the Revenue's appeal regarding the disallowance of additional depreciation claimed on a wind mill for manufacturing tiles, upholding the assessee's claim based on precedents allowing additional depreciation for setting up new machinery. Additionally, the ITAT upheld the CIT(A)'s decision to delete excise duty on the closing stock of finished goods, citing CBDT instructions prohibiting appeals below a specified tax effect threshold. The ITAT allowed the Department to seek a recall if the tax effect exceeded the threshold. The appeals were dismissed for the Assessment Years 2006-07 and 2009-10. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191137