https://www.taxtmi.com/caselaws?id=286154 The Tribunal upheld the CIT(A)'s decision allowing the assessee's claim for depreciation and additional depreciation on spare parts and machinery used in mining and power generation. The spare parts purchased for machinery were treated as capital expenditure, making the assessee eligible for the claimed depreciation benefits. The Revenue's appeal challenging the addition of depreciation on spare parts was dismissed as the Tribunal found the CIT(A)'s decision to be correct. en-us Wed, 13 Dec 2017 00:00:00 +0530 Fri, 14 Feb 2020 19:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286154 The Tribunal upheld the CIT(A)'s decision allowing the assessee's claim for depreciation and additional depreciation on spare parts and machinery used in mining and power generation. The spare parts purchased for machinery were treated as capital expenditure, making the assessee eligible for the claimed depreciation benefits. The Revenue's appeal challenging the addition of depreciation on spare parts was dismissed as the Tribunal found the CIT(A)'s decision to be correct. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286154