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2008 (1) TMI 914 - ITAT COCHINExtract: .......cle. In our opinion, for the purpose of rates of depreciation JCB can be treated as a motor lorry and hence eligible for higher rate of depreciation at 40 per cent. We, therefore, direct the Assessing Officer to allow depreciation at 40 per cent on JCBs in place of 25 per cent. 16. In the result, both the appeals of the assessee are partly allowed.
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