https://www.taxtmi.com/caselaws?id=340468 The Tribunal allowed the assessee's claim for additional depreciation under Section 32(1)(iia) of the Income Tax Act, noting the significant mining activities performed by the assessee, distinguishing it from a mere labour contractor. The Tribunal also reversed the allocation of common expenses between windmill and mining businesses, except for depreciation and interest expenses, emphasizing the maintenance of separate books for different business segments. The appeals for the assessment year 2010-11 were similarly allowed based on these grounds. en-us Mon, 20 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340468 The Tribunal allowed the assessee's claim for additional depreciation under Section 32(1)(iia) of the Income Tax Act, noting the significant mining activities performed by the assessee, distinguishing it from a mere labour contractor. The Tribunal also reversed the allocation of common expenses between windmill and mining businesses, except for depreciation and interest expenses, emphasizing the maintenance of separate books for different business segments. The appeals for the assessment year 2010-11 were similarly allowed based on these grounds. Case-Laws Income Tax Mon, 20 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340468