TMI Blog2011 (12) TMI 659X X X X Extracts X X X X X X X X Extracts X X X X ..... ted 15-03-2011 for the assessment year 2006-07. 2.1 The only grievance of the assessee is that the ld.CIT has recorded the findings that the order of the AO is erroneous and prejudicial to the interest of the Revenue as the AO has allowed the additional depreciation. 2.2 According to the ld. CIT, the AO has allowed depreciation on windmill as well as additional depreciation u/s 32(1)(ii) (a) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rule 5(1A) that the undertaking cover u/s 32(1)(i) may claim depreciation as percentage on the written down value. It is not the case of the Revenue that the assessee has claimed depreciation on the actual cost in the succeeding year so as to say that assessee is covered u/s 32(1)(i) of the Act. It is true that total depreciation allowed in Section 32(1)(i) cannot exceed the actual cost. Moreover, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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