https://www.taxtmi.com/caselaws?id=276309 The Tribunal allowed the assessee's appeal regarding the disallowance of a higher rate of depreciation on specific components of a windmill for the assessment year 2008-09. The Tribunal supported the assessee's claim for depreciation at 80% on the components, citing precedents and emphasizing the essential nature of the expenses related to the windmill's installation and functioning. The Tribunal found no valid reasons for the lower depreciation rates imposed by the tax authorities, leading to the deletion of the disallowance and a partial acceptance of the assessee's appeal. en-us Wed, 28 Oct 2015 00:00:00 +0530 Tue, 06 Nov 2018 07:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276309 The Tribunal allowed the assessee's appeal regarding the disallowance of a higher rate of depreciation on specific components of a windmill for the assessment year 2008-09. The Tribunal supported the assessee's claim for depreciation at 80% on the components, citing precedents and emphasizing the essential nature of the expenses related to the windmill's installation and functioning. The Tribunal found no valid reasons for the lower depreciation rates imposed by the tax authorities, leading to the deletion of the disallowance and a partial acceptance of the assessee's appeal. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276309