2009 (9) TMI 35 - MADRAS HIGH COURT

Additional Depreciation on Windmill – whether generation of power by windmill would amount to manufacture or production of any article or thing – held that - When we find that the Tribunal has applied the law correctly in the impugned order, there is no gain saying that there was an earlier order by the Co-ordinate Bench and therefore, for that reason, this time also the Tribunal should have blindly followed its own earlier decision even if such earlier decision did not reflect the correct position of the law. – Additional depreciation allowed – decision of the ITAT hold that activity of generation of power is manufacturing activity upheld.