https://www.taxtmi.com/caselaws?id=393486 The Tribunal ruled in favor of the appellant on both issues. Firstly, the disallowance of higher depreciation on civil engineering works for the solar power plant foundation was overturned, allowing the entire cost of the plant to be eligible for depreciation at the plant and machinery rate. Secondly, interest earned on fixed deposits during the preoperative period was considered a capital receipt linked to setting up the plant, leading to the deletion of the addition to the appellant's income. The appeal was allowed, and the lower authorities' decisions were set aside. en-us Mon, 02 Mar 2020 00:00:00 +0530 Tue, 17 Mar 2020 12:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393486 The Tribunal ruled in favor of the appellant on both issues. Firstly, the disallowance of higher depreciation on civil engineering works for the solar power plant foundation was overturned, allowing the entire cost of the plant to be eligible for depreciation at the plant and machinery rate. Secondly, interest earned on fixed deposits during the preoperative period was considered a capital receipt linked to setting up the plant, leading to the deletion of the addition to the appellant's income. The appeal was allowed, and the lower authorities' decisions were set aside. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393486