https://www.taxtmi.com/caselaws?id=192358 The Tribunal dismissed the Revenue's appeals concerning the claim of additional depreciation under section 80IA for windmills, upholding the CIT(A)'s decision. It also allowed the assessee's appeals regarding the disallowance of interest expenditure under section 14A read with rule 8D(2)(ii) and the disallowance of expenses related to consignment sales. The Tribunal held that the additional depreciation was allowable as per relevant High Court decisions and that the disallowances made by the Assessing Officer were not sustainable based on the evidence presented. Judgments were delivered on November 21, 2014, in Chennai. en-us Fri, 21 Nov 2014 00:00:00 +0530 Fri, 26 May 2017 18:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192358 The Tribunal dismissed the Revenue's appeals concerning the claim of additional depreciation under section 80IA for windmills, upholding the CIT(A)'s decision. It also allowed the assessee's appeals regarding the disallowance of interest expenditure under section 14A read with rule 8D(2)(ii) and the disallowance of expenses related to consignment sales. The Tribunal held that the additional depreciation was allowable as per relevant High Court decisions and that the disallowances made by the Assessing Officer were not sustainable based on the evidence presented. Judgments were delivered on November 21, 2014, in Chennai. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192358