1995 (9) TMI 22 - HC - Income Tax

Summary

The High Court of Madras ruled that rigs and compressors used for drilling borewells do not qualify for a special depreciation rate of 50%, as they are not considered integral parts of motor lorries. The court's decision was based on a previous case with a similar situation. The judgment favored the Revenue, and the question was answered in the negative. (Case citation: 1995 (9) TMI 22 - MADRAS High Court)