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2020 (12) TMI 827 - HC - Income TaxDepreciation on dumpers - @30% or 15% - HELD THAT:- Very same question of law as proposed in the present appeal was taken into consideration by a coordinate Bench of this Court in Durga Construction Company [2018 (5) TMI 1172 - GUJARAT HIGH COURT]. All the appeals failed on the proposed question of law. In case on hand, it appears that the Assessing Officer granted depreciation on the dumpers at the rate of 15%. The assessee being dissatisfied, went in appeal before the Commissioner of Income Tax (Appeals)(for short “CIT (A)”). The CIT(A) deleted the addition made on account of excess depreciation. The Revenue being dissatisfied with the order passed by the CIT(A) went in appeal before the Appellate Tribunal. The Appellate Tribunal has affirmed the order passed by the CIT(A). No substantial question of law.
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