https://www.taxtmi.com/caselaws?id=276302 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross-objections regarding the assessment of depreciation on a Windmill. The apportionment of depreciation between the foundation of the Windmill and other civil works was set at 60% and 40%, respectively. Concerns regarding the validity of the notice u/s 153C and the disallowance of depreciation on civil work were withdrawn and dismissed during the hearing. The decision on depreciation apportionment applied to all related appeals and cross-objections, with the order pronounced on 29th November 2013. en-us Fri, 29 Nov 2013 00:00:00 +0530 Mon, 05 Nov 2018 16:50:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276302 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross-objections regarding the assessment of depreciation on a Windmill. The apportionment of depreciation between the foundation of the Windmill and other civil works was set at 60% and 40%, respectively. Concerns regarding the validity of the notice u/s 153C and the disallowance of depreciation on civil work were withdrawn and dismissed during the hearing. The decision on depreciation apportionment applied to all related appeals and cross-objections, with the order pronounced on 29th November 2013. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276302