https://www.taxtmi.com/caselaws?id=372686 The tribunal confirmed the allowance of 100% depreciation on the water supply scheme for AYs 2011-12 and 2012-13, based on the statutory authority status of the assessee under section 80IA of the Income Tax Act, 1961. However, the tribunal upheld the decision to allow only 10% depreciation on roads, reversing the CIT(A)'s order granting 100% depreciation. The assessee's appeal for AYs 2008-09 to 2010-11 was partly allowed, and the revenue's appeal was also partly allowed. en-us Wed, 19 Dec 2018 00:00:00 +0530 Thu, 27 Dec 2018 07:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372686 The tribunal confirmed the allowance of 100% depreciation on the water supply scheme for AYs 2011-12 and 2012-13, based on the statutory authority status of the assessee under section 80IA of the Income Tax Act, 1961. However, the tribunal upheld the decision to allow only 10% depreciation on roads, reversing the CIT(A)'s order granting 100% depreciation. The assessee's appeal for AYs 2008-09 to 2010-11 was partly allowed, and the revenue's appeal was also partly allowed. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372686