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2015 (12) TMI 394 - AT - Income TaxDisallowance of depreciation claimed on Wind Mill - Held that:- Since the facts of the present case are identical to the facts as were before the Coordinate Bench in the case of Besto Tradelink Pvt.Ltd.(2009 (10) TMI 896 - ITAT AHMEDABAD), therefore taking a consistent view, we do not see any reason to interfere with the order of the ld.CIT(A) upholding the action of A.O. disallowing the depreciation as the assessee-company never acquired dominion over the Wind Mills, therefore, it is not entitled to depreciation @ 100% as claimed in the assessment year - Decided against assessee. Disallowance of interest expenditure on account of non-deduction of TDS - Held that:- We find neither before the assessing authority nor before the appellate authority, the assessee had furnished the proof of requisite Form 15H. Even before the ld.CIT(A), it was contended by the assessee that the Form 15H received from the recipient was not forwarded to CIT(TDS) as required under the Act. Since the assessee failed to furnish the requisite Form 15H, therefore, we do not see any reason to interfere with the order of the ld.CIT(A), same is hereby upheld. - Decided against assessee.
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