Appeal Dismissed for Depreciation on Transport Vehicles

The High Court of Allahabad dismissed the appeal against the Income Tax Appellate Tribunal's order allowing 40% depreciation on vehicles used for transport business, noting that similar appeals by the Income Tax Department against the assessee for different assessment years were also dismissed. The appeal was found to have no merit and was accordingly dismissed.

---

---

The High Court of Allahabad dismissed the appeal against the Income Tax Appellate Tribunal's order allowing 40% depreciation on vehicles used for transport business. The court noted that similar appeals by the Income Tax Department against the assessee for different assessment years were also dismissed. The appeal was found to have no merit and was accordingly dismissed.

---