https://www.taxtmi.com/caselaws?id=437700 The Tribunal upheld the Ld. CIT(A)'s decision to delete the additions related to disallowance of depreciation on investment in Wing Turbine Generation (WTG) and disallowance under section 14A of the Income Tax Act for Assessment Year 2011-12. The Tribunal found that the investment in WTG aligned with the assessee's main object clause and upheld the principle of consistency in tax proceedings, following previous findings and legal precedents. The Tribunal dismissed both grounds of appeal raised by the Revenue, maintaining consistency with earlier decisions. en-us Tue, 14 Mar 2023 00:00:00 +0530 Fri, 12 May 2023 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437700 The Tribunal upheld the Ld. CIT(A)'s decision to delete the additions related to disallowance of depreciation on investment in Wing Turbine Generation (WTG) and disallowance under section 14A of the Income Tax Act for Assessment Year 2011-12. The Tribunal found that the investment in WTG aligned with the assessee's main object clause and upheld the principle of consistency in tax proceedings, following previous findings and legal precedents. The Tribunal dismissed both grounds of appeal raised by the Revenue, maintaining consistency with earlier decisions. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437700