https://www.taxtmi.com/caselaws?id=379306 The High Court allowed the appellant's appeal, ruling in favor of the assessee against the Revenue. The Court held that the installation of windmills for power generation qualified for additional depreciation under Section 32(1)(iia) of the Income Tax Act for the Assessment Year 2003-2004. The judgment emphasized the importance of statutory provisions and precedent in determining eligibility for tax benefits, ultimately supporting the appellant's claim for additional depreciation on the windmills installed post-March 31, 2002. en-us Mon, 18 Mar 2019 00:00:00 +0530 Wed, 01 May 2019 06:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379306 The High Court allowed the appellant's appeal, ruling in favor of the assessee against the Revenue. The Court held that the installation of windmills for power generation qualified for additional depreciation under Section 32(1)(iia) of the Income Tax Act for the Assessment Year 2003-2004. The judgment emphasized the importance of statutory provisions and precedent in determining eligibility for tax benefits, ultimately supporting the appellant's claim for additional depreciation on the windmills installed post-March 31, 2002. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379306