https://www.taxtmi.com/caselaws?id=67265 The Tribunal allowed the appeal by the assessee regarding the disallowance of depreciation on gas cylinders. It held that for assets with a cost below Rs. 5,000, depreciation should not be reduced, and the entire actual cost should be allowed as depreciation. The Tribunal overturned the disallowance, emphasizing the acceptance of factual usage by the Assessing Officer and the application of relevant provisions. en-us Mon, 22 Dec 1997 00:00:00 +0530 Wed, 09 Mar 2011 18:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67265 The Tribunal allowed the appeal by the assessee regarding the disallowance of depreciation on gas cylinders. It held that for assets with a cost below Rs. 5,000, depreciation should not be reduced, and the entire actual cost should be allowed as depreciation. The Tribunal overturned the disallowance, emphasizing the acceptance of factual usage by the Assessing Officer and the application of relevant provisions. Case-Laws Income Tax Mon, 22 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67265