Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 970 - GUJARAT HIGH COURTRate of depreciation - 100% on the centering material or normal rate of depreciation at 33.1/3% for plant and machinery - Held that:- Tribunal was justified in confirming the order of the CIT(A), allowing 100 per cent depreciation to the assessee as placing reliance on the decision of the Delhi High Court in "CIT VS. NATIONAL AIR PRODUCTS LTD." [1980 (4) TMI 72 - DELHI High Court] - Decided against revenue.
|