https://www.taxtmi.com/caselaws?id=70066 The ITAT upheld the AAC's decision allowing depreciation at 30% on rigs and compressors mounted on a lorry for borewell drilling, dismissing the department's appeal. The ITAT emphasized the importance of consistency in decisions to maintain institutional integrity and avoid conflicting judgments on similar issues, citing relevant precedents. The Third Member's decision referenced by the department was deemed inapplicable to the depreciation claim under consideration, reinforcing the Tribunal's stance. en-us Wed, 27 Feb 1985 00:00:00 +0530 Thu, 14 Apr 2011 11:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70066 The ITAT upheld the AAC's decision allowing depreciation at 30% on rigs and compressors mounted on a lorry for borewell drilling, dismissing the department's appeal. The ITAT emphasized the importance of consistency in decisions to maintain institutional integrity and avoid conflicting judgments on similar issues, citing relevant precedents. The Third Member's decision referenced by the department was deemed inapplicable to the depreciation claim under consideration, reinforcing the Tribunal's stance. Case-Laws Income Tax Wed, 27 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70066