https://www.taxtmi.com/caselaws?id=380641 The Tribunal ruled in favor of the assessee, holding that the wind energy business was validly transferred on 30.03.2012, allowing for depreciation in the Assessment Year (AY) 2012-13. The Tribunal disagreed with the Assessing Officer (AO) and Dispute Resolution Panel (DRP), emphasizing the signing of the agreement and possession letters, receipt and clearance of consideration on the same day, and compliance with legal definitions of transfer. The appeal was allowed, directing the AO to grant the claimed depreciation as per the Tribunal's decision in a related case. en-us Thu, 07 Mar 2019 00:00:00 +0530 Fri, 24 May 2019 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380641 The Tribunal ruled in favor of the assessee, holding that the wind energy business was validly transferred on 30.03.2012, allowing for depreciation in the Assessment Year (AY) 2012-13. The Tribunal disagreed with the Assessing Officer (AO) and Dispute Resolution Panel (DRP), emphasizing the signing of the agreement and possession letters, receipt and clearance of consideration on the same day, and compliance with legal definitions of transfer. The appeal was allowed, directing the AO to grant the claimed depreciation as per the Tribunal's decision in a related case. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380641