https://www.taxtmi.com/caselaws?id=75792 The court allowed the change in the assessee's name following a merger. The appeal by the revenue against the ITAT order for the assessment year 1992-1993 was partially upheld. The court modified the order to allow 50% depreciation on leased assets costing less than Rs 5,000 due to their usage for less than 180 days, contrary to the requirement for 100% depreciation. The court did not entertain questions on the validity of re-assessment proceedings under Section 147, emphasizing that depreciation rates hinge on asset usage days. en-us Fri, 30 Apr 2010 00:00:00 +0530 Fri, 14 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75792 The court allowed the change in the assessee's name following a merger. The appeal by the revenue against the ITAT order for the assessment year 1992-1993 was partially upheld. The court modified the order to allow 50% depreciation on leased assets costing less than Rs 5,000 due to their usage for less than 180 days, contrary to the requirement for 100% depreciation. The court did not entertain questions on the validity of re-assessment proceedings under Section 147, emphasizing that depreciation rates hinge on asset usage days. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75792