https://www.taxtmi.com/highlights?id=61152 Disallowance on account of depreciation claimed on the cost incurred in relation to the land being non depreciable asset - To our understanding, the impugned expenses were not incurred by the assessee for the acquisition of the land rather cost was incurred for effective functioning of the windmills. Therefore, such cost was directly connected with the functioning of windmill. Thus there was commercial expediency to incur the expenses hence assessee was eligible to claim such expenses. - AT en-us Mon, 27 Dec 2021 06:37:21 +0530 Mon, 27 Dec 2021 06:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61152 Disallowance on account of depreciation claimed on the cost incurred in relation to the land being non depreciable asset - To our understanding, the impugned expenses were not incurred by the assessee for the acquisition of the land rather cost was incurred for effective functioning of the windmills. Therefore, such cost was directly connected with the functioning of windmill. Thus there was commercial expediency to incur the expenses hence assessee was eligible to claim such expenses. - AT Highlights Income Tax Mon, 27 Dec 2021 06:37:21 +0530 https://www.taxtmi.com/highlights?id=61152