Maintenance First, Tax Next – Windmills Must Stay Operational: Karnataka HC

B.V. Sreenivasa Reddy Vs CIT (Karnataka High Court) Pragmatic Ruling: HC Allows Maintenance Costs from Attached Assets for Better Revenue Realisation- Keep Windmills Running to Maximize Tax Recovery -HC Orders Balanced Approach in Windmill Revenue Case- Revenue Protection Through Asset Preservation The petitioner sought a mandamus directing the Income Tax Department to allow him to utilise part of the revenues generated from his windmills for operational expenses such as maintenance, salaries, insurance & income tax payments. Petitioner’s windmills, operated by Suzlon Global Services Ltd...