https://www.taxtmi.com/caselaws?id=300741 The Tribunal upheld the decision allowing the depreciation claim on a windmill, despite a pending appeal before the Apex Court. It emphasized that the pendency of a Special Leave Petition does not invalidate the High Court's judgment. As there was no stay on the High Court's decision, the lower authority's ruling was confirmed. The Revenue's appeal was dismissed, affirming the allowance of depreciation for the assessment year. This case highlights the importance of following Jurisdictional High Court decisions and maintaining consistency in applying legal precedents. en-us Fri, 07 Aug 2015 00:00:00 +0530 Tue, 22 Feb 2022 18:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300741 The Tribunal upheld the decision allowing the depreciation claim on a windmill, despite a pending appeal before the Apex Court. It emphasized that the pendency of a Special Leave Petition does not invalidate the High Court's judgment. As there was no stay on the High Court's decision, the lower authority's ruling was confirmed. The Revenue's appeal was dismissed, affirming the allowance of depreciation for the assessment year. This case highlights the importance of following Jurisdictional High Court decisions and maintaining consistency in applying legal precedents. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300741