https://www.taxtmi.com/caselaws?id=67217 The Tribunal directed the ITO to allow a higher depreciation rate of 15% for specific parts of the cold storage plant and machinery, including electrical fittings, based on the interpretation of legislative provisions and case law. The decision emphasized considering integral components of assets for depreciation claims and aligning with judicial precedent to grant the appropriate rate. This ruling underscores the importance of accurate interpretation of laws and precedents in determining depreciation rates, ensuring fair treatment for taxpayers in claiming depreciation benefits. en-us Mon, 12 Sep 1983 00:00:00 +0530 Wed, 09 Mar 2011 15:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67217 The Tribunal directed the ITO to allow a higher depreciation rate of 15% for specific parts of the cold storage plant and machinery, including electrical fittings, based on the interpretation of legislative provisions and case law. The decision emphasized considering integral components of assets for depreciation claims and aligning with judicial precedent to grant the appropriate rate. This ruling underscores the importance of accurate interpretation of laws and precedents in determining depreciation rates, ensuring fair treatment for taxpayers in claiming depreciation benefits. Case-Laws Income Tax Mon, 12 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67217