2010 (12) TMI 1337

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....AL MEMBER: This appeal of the Revenue, for assessment year 2006-07, is directed against the order of the ld. CIT(A)-II, Madurai, dated 28.6.2010. 2. Briefly stated, the facts of the case are that the assesseecompany, M/s VTM Ltd., is engaged in the business of textiles. For this assessment year, it filed the return of income on 20.11.2006 declaring a loss of ₹ 5.03 crores and income of &#....

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....hal Hotels, 82 ITR 44(SC), has held that the transformer used for the windmill installation is entitled to depreciation as applicable to the windmill itself. The Revenue is in appeal against the finding of the ld. CIT(A). 3. After hearing both sides, we find that this issue stands covered in favour of the assessee not only by the decisions on which the ld. CIT(A) has relied but also by the latest....

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.... March 31,2002. It was entitled to additional depreciation." 4. Therefore, by following the Hon'ble Jurisdictional High Court's decision (supra), we dismiss the ground raised by the Revenue. 5. The other ground of Revenue's appeal relates to allowance of additional depreciation on windmill. It is an open and shut case because this issue has been churned day in and day out by this Bench. This....