https://www.taxtmi.com/caselaws?id=340965 The ITAT allowed the assessee's appeal for A.Y. 2012-13 regarding higher depreciation on civil foundation work as part of windmill cost. The ITAT partially allowed the appeal for A.Y. 2013-14 on the disallowance of additional depreciation on civil foundation work. However, the ITAT dismissed the Revenue's appeal for A.Y. 2013-14 on the disallowance of depreciation on the windmill. The decisions were influenced by the precedent established in CIT vs. K.K. Enterprises by the Hon'ble Rajasthan High Court, recognizing civil structures and electric fittings as essential components of windmills eligible for higher depreciation rates. en-us Tue, 07 Mar 2017 00:00:00 +0530 Fri, 24 Mar 2017 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340965 The ITAT allowed the assessee's appeal for A.Y. 2012-13 regarding higher depreciation on civil foundation work as part of windmill cost. The ITAT partially allowed the appeal for A.Y. 2013-14 on the disallowance of additional depreciation on civil foundation work. However, the ITAT dismissed the Revenue's appeal for A.Y. 2013-14 on the disallowance of depreciation on the windmill. The decisions were influenced by the precedent established in CIT vs. K.K. Enterprises by the Hon'ble Rajasthan High Court, recognizing civil structures and electric fittings as essential components of windmills eligible for higher depreciation rates. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340965