https://www.taxtmi.com/caselaws?id=788802 Depreciation on solar power plants was treated as allowable where installation, generation, sale invoices, bank realisations and an engineer's certificate showed actual use during the year, and mere suspicion about low initial production was insufficient to deny the claim. In share premium matters, a recognised Discounted Cash Flow valuation supported by independent reports could not be displaced by substituting Net Asset Value absent a demonstrable defect in the valuation process, so the addition was deleted. Brokerage on commodity derivatives was held outside the TDS disallowance applied, while the section 14A disallowance was confined to exempt income. A consolidated prior approval lacking case-specific application of mind was invalid, vitiating the assessment. en-us Wed, 25 Mar 2026 00:00:00 +0530 Sat, 28 Mar 2026 08:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788802 Depreciation on solar power plants was treated as allowable where installation, generation, sale invoices, bank realisations and an engineer's certificate showed actual use during the year, and mere suspicion about low initial production was insufficient to deny the claim. In share premium matters, a recognised Discounted Cash Flow valuation supported by independent reports could not be displaced by substituting Net Asset Value absent a demonstrable defect in the valuation process, so the addition was deleted. Brokerage on commodity derivatives was held outside the TDS disallowance applied, while the section 14A disallowance was confined to exempt income. A consolidated prior approval lacking case-specific application of mind was invalid, vitiating the assessment. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788802