Depreciation allocation clarified: small value plant and machinery may follow Schedule rates when collectively exceeding a materiality threshold. Amendment omits the words 'other than those' from sub item (b) of item (i) under heading II Plant and Machinery and inserts a proviso to Note No. 8 providing that where the aggregate actual cost of individual small value items of plant and machinery exceeds a specified proportion of the total actual cost, the depreciation rates for such items shall be the rates specified in Item II of the Schedule.
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Provisions expressly mentioned in the judgment/order text.
Depreciation allocation clarified: small value plant and machinery may follow Schedule rates when collectively exceeding a materiality threshold.
Amendment omits the words "other than those" from sub item (b) of item (i) under heading II Plant and Machinery and inserts a proviso to Note No. 8 providing that where the aggregate actual cost of individual small value items of plant and machinery exceeds a specified proportion of the total actual cost, the depreciation rates for such items shall be the rates specified in Item II of the Schedule.
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