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2018 (2) TMI 1937 - AT - Income TaxHigher rate of depreciation on dumpers - CIT(A) defining assessee’s business as transporter thereby concluding that it is entitled for higher rate of depreciation on dumpers as against 15% allowed in assessment proceedings resulting in disallowance - HELD THAT:- AR is correct in his proposition that appellant's work include providing its vehicles for transportation to the third parties and the amount received on this count constitute part of business receipts of the appellant and therefore such vehicles are eligible for depreciation at the higher rate of 30% Departmental Representative however fails to dispute the fact above. We therefore find no reason to adopt a different approach in the instant case. The Revenue’s sole substantive ground is therefore declined.
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