https://www.taxtmi.com/caselaws?id=427212 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to allow the depreciation claim on a windmill, as additional evidence confirmed the windmill was put to use. Additionally, the Tribunal deleted the addition of depreciation while computing book profit under Section 115JB, following precedents allowing depreciation as per the Income-tax Act. The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and allowing the assessee's cross-objection. en-us Wed, 31 Aug 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427212 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to allow the depreciation claim on a windmill, as additional evidence confirmed the windmill was put to use. Additionally, the Tribunal deleted the addition of depreciation while computing book profit under Section 115JB, following precedents allowing depreciation as per the Income-tax Act. The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and allowing the assessee's cross-objection. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427212