RS India Wind Energy Pvt. Ltd. Vs. ACIT

Parties Involved

Facts Summary

The case involves three appeals filed by RS India Wind Energy Pvt. Ltd. against the order passed by CIT(A)-7, New Delhi, arising from the order passed by the Assessing Officer for the assessment years 2014-15, 2013-14, and 2014-15. The appeals are based on identical facts, with variations only in figures. The main issues pertain to the denial of depreciation claims on assets acquired under a finance lease, addition on account of capital work-in-progress, and addition under section 14A. The appellant sought to file additional evidences to support its claims.…

Legal Issues

• 1. Denial of claim of depreciation on assets acquired under finance lease
• 2. Addition on account of capital work-in-progress
• 3. Addition under section 14A

Judgment Outcome

Decided in favour of Assessee.

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