https://www.taxtmi.com/caselaws?id=70754 The Tribunal allowed the appeals for the assessment years 1981-82 to 1983-84, holding that the compressor and boring machines qualified for depreciation at 30% as earth-moving machinery. The Tribunal reversed the Commissioner's order under section 263 of the Income-tax Act. Additionally, for the assessment year 1979-80, the Tribunal found the ITO's use of section 148 to grant a refund valid, noting that the refund resulted from excess tax deducted at source and complied with Circular No. 503 dated 6-2-1988. The Tribunal set aside the Commissioner's order, allowing the appeal for the assessment year 1979-80. en-us Tue, 10 Jul 1990 00:00:00 +0530 Tue, 19 Apr 2011 10:46:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70754 The Tribunal allowed the appeals for the assessment years 1981-82 to 1983-84, holding that the compressor and boring machines qualified for depreciation at 30% as earth-moving machinery. The Tribunal reversed the Commissioner's order under section 263 of the Income-tax Act. Additionally, for the assessment year 1979-80, the Tribunal found the ITO's use of section 148 to grant a refund valid, noting that the refund resulted from excess tax deducted at source and complied with Circular No. 503 dated 6-2-1988. The Tribunal set aside the Commissioner's order, allowing the appeal for the assessment year 1979-80. Case-Laws Income Tax Tue, 10 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70754