2014 (9) TMI 1115

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.....JUSTICE RATHNAKALA FOR THE APPELLANT : SRI E.I.SANMATHI, ADV. FOR THE RESPONDENT : SRI A.SHANKAR AND SRI M.LAVA, ADVS.) J U D G M E N T This appeal is preferred by the Revenue challenging the order passed by the Tribunal, holding that the assessee in addition to carrying on the business of gold mining is also in the business of generation of electricity through windmill as second line....

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....ssessee on 23.01.2008, had erected and commissioned the windmill of power generation capacity of 4.5 MW. The cost of the windmill was Rs. 27,58,72,617/-. The assesse e apart from claiming normal rate of depreciation of 80% al so claimed additional depreciation at 10% amounting to Rs. 2,75,87,268/-. The said additional depreciation was not allowed by the assessing authority. The assessee p referred....