TMI Blog2016 (4) TMI 1460X X X X Extracts X X X X X X X X Extracts X X X X ..... g depreciation of wind mills - as per assessee subsidy was not linked to any capital asset and accordingly, the same should not be reduced from the cost of asset for the purpose of granting depreciation - As held by HC[ 2011 (6) TMI 853 - GUJARAT HIGH COURT] Tribunal committed no error as CIT (A) as well as Tribunal both concurrently found that subsidy was not for the purpose of acquisition of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reciation of wind mills? - as per HC [ 2011 (8) TMI 1189 - GUJARAT HIGH COURT] Tribunal committed no error. CIT (A) as well as Tribunal both concurrently found that subsidy was not for the purpose of acquisition of the assets but was by way of incentive for encouraging development of alternative source of energy. It had, in fact, come on record that windmills were acquired in the earlier years. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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