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2014 (7) TMI 1114 - ITAT HYDERABADDisallowance of depreciation of Wind Mills - Validity of reopening of assessment - Held that:- After perusing the facts as detailed in order of the Ld. CIT(A) and the principles governing issue of reopening the assessment and allowance of depreciation at 80% on the wind mills and the provisions of law, we do not see any reason to interfere with the detailed order of the Ld. CIT(A) on these two issues. Revenue has no basis either for reopening the assessment or for disallowing the claim of depreciation allowed in original assessment, which was in fact claimed in earlier years also - No merit in appeal - Decided against Revenue.
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