https://www.taxtmi.com/caselaws?id=67385 The Tribunal upheld the CIT (A)'s decision to allow 30% depreciation on the Terex pay loader, considering it as earth moving equipment used in mining. The assessee was granted additional depreciation under Section 32(1)(iia) as the pay loader was deemed "installed." However, the correct rate of depreciation on motor trucks remained unresolved, with the issue being remanded to the CIT (A) for further assessment. en-us Thu, 17 Apr 1986 00:00:00 +0530 Thu, 10 Mar 2011 12:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67385 The Tribunal upheld the CIT (A)'s decision to allow 30% depreciation on the Terex pay loader, considering it as earth moving equipment used in mining. The assessee was granted additional depreciation under Section 32(1)(iia) as the pay loader was deemed "installed." However, the correct rate of depreciation on motor trucks remained unresolved, with the issue being remanded to the CIT (A) for further assessment. Case-Laws Income Tax Thu, 17 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67385