https://www.taxtmi.com/caselaws?id=359866 The ITAT Delhi partially allowed the appeal, overturning the disallowance of depreciation on wind turbines. The Tribunal held that the assessee could claim depreciation as the turbines were used during the year, supported by ownership evidence. The decision stressed the significance of evidence in establishing ownership for depreciation purposes under the Income Tax Act. The challenge under section 14A was not pursued after the depreciation issue was resolved in favor of the assessee. en-us Thu, 03 May 2018 00:00:00 +0530 Sat, 05 May 2018 08:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359866 The ITAT Delhi partially allowed the appeal, overturning the disallowance of depreciation on wind turbines. The Tribunal held that the assessee could claim depreciation as the turbines were used during the year, supported by ownership evidence. The decision stressed the significance of evidence in establishing ownership for depreciation purposes under the Income Tax Act. The challenge under section 14A was not pursued after the depreciation issue was resolved in favor of the assessee. Case-Laws Income Tax Thu, 03 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359866