https://www.taxtmi.com/caselaws?id=302518 The Revenue appealed against the order allowing additional depreciation under section 32(1)(iia) on a windmill. The Assessing Officer disallowed the depreciation claimed by the assessee, but the CIT(A) allowed it citing relevant High Court decisions. However, the Tribunal held that as the assessee was not engaged in manufacturing or production activities, they were not entitled to the additional depreciation. The Tribunal distinguished this case from previous decisions and set aside the CIT(A)'s order, restoring that of the Assessing Officer. Ultimately, the Department's appeal was allowed. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 01 Jun 2022 10:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302518 The Revenue appealed against the order allowing additional depreciation under section 32(1)(iia) on a windmill. The Assessing Officer disallowed the depreciation claimed by the assessee, but the CIT(A) allowed it citing relevant High Court decisions. However, the Tribunal held that as the assessee was not engaged in manufacturing or production activities, they were not entitled to the additional depreciation. The Tribunal distinguished this case from previous decisions and set aside the CIT(A)'s order, restoring that of the Assessing Officer. Ultimately, the Department's appeal was allowed. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302518