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2003 (6) TMI 17 - HC - Income Tax"Whether, in law and on facts, the assessee is entitled to depreciation at the rate of 30 per cent. on two items, namely, (1) hot mixing plant, and (2) paver finishing machine used by the assessee in its activity of road building ?" - The Tribunal was not right when it allowed the appeal and directed the Income-tax Officer to grant depreciation at 30 per cent. in respect of the said machineries. - We answer the question in the negative, i.e., in favour of the Revenue and against the assessee.
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