TMI Blog2004 (7) TMI 50X X X X Extracts X X X X X X X X Extracts X X X X ..... whereas only a depreciation of 331/3 per cent, was held allowable by the Assessing Officer on such integrated unit of plant and machinery in the case?" - Shuttering being a necessary component for construction of the building, is a plant and each shuttering in itself is an independent unit, as that depends upon the use of shuttering in different places and each shuttering is costing less than Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uch integrated unit of plant and machinery in the case?" The business of the assessee is executing construction work for M.E.S., i.e., construction of buildings. The assessee acquired shuttering work worth Rs. 2,21,430 and claimed depreciation in terms of the provisions of section 32(1)(ii) of the Act and he claimed 100 per cent, depreciation on shuttering as the cost of each unit of shuttering ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s per the rules, if the cost of the plant is less than Rs. 5,000, that plant is entitled for 100 per cent, depreciation. In view of these facts, we see no reason to interfere in the impugned order and we answer the question in the affirmative, i.e., in favour of the assessee and against the Department. In the result, we answer the question referred in the affirmative, i.e., in favour of the as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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