https://www.taxtmi.com/caselaws?id=383297 The High Court dismissed the Income Tax Appeal, upholding the decisions of the Commissioner and Tribunal regarding the claim of depreciation on windmills by the assessee. The Court found that the assessee had purchased the windmills, making them eligible for depreciation, and no question of law arose in this regard. The issue of tax evasion motive was not considered for this judgment, and the Court also confirmed the entitlement of the assessee to claim depreciation on the windmills despite not being the registered owner initially. The Court further noted that the employee's contribution to welfare funds was allowable for deduction as it was made before filing the return. en-us Mon, 08 Jul 2019 00:00:00 +0530 Sat, 20 Jul 2019 09:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383297 The High Court dismissed the Income Tax Appeal, upholding the decisions of the Commissioner and Tribunal regarding the claim of depreciation on windmills by the assessee. The Court found that the assessee had purchased the windmills, making them eligible for depreciation, and no question of law arose in this regard. The issue of tax evasion motive was not considered for this judgment, and the Court also confirmed the entitlement of the assessee to claim depreciation on the windmills despite not being the registered owner initially. The Court further noted that the employee's contribution to welfare funds was allowable for deduction as it was made before filing the return. Case-Laws Income Tax Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383297