https://www.taxtmi.com/caselaws?id=280599 The High Court upheld the decision in favor of the assessee regarding the depreciation allowance for a Wind Turbine Machine. Citing precedent, the Court concluded that the interconnected components of the machine justified a higher depreciation rate of 80% without segregating the investment on building and electrical parts, emphasizing the specialized nature of wind energy devices. The Court dismissed the appeal, ruling in favor of the assessee based on the integral relationship between the various components of the Wind Turbine Machine. en-us Mon, 22 May 2017 00:00:00 +0530 Mon, 13 May 2019 06:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280599 The High Court upheld the decision in favor of the assessee regarding the depreciation allowance for a Wind Turbine Machine. Citing precedent, the Court concluded that the interconnected components of the machine justified a higher depreciation rate of 80% without segregating the investment on building and electrical parts, emphasizing the specialized nature of wind energy devices. The Court dismissed the appeal, ruling in favor of the assessee based on the integral relationship between the various components of the Wind Turbine Machine. Case-Laws Income Tax Mon, 22 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280599