https://www.taxtmi.com/caselaws?id=78287 Depreciation on plant and machinery used in cement manufacturing and packaging was accepted at 15% rather than 10% because the assessee's own earlier Tribunal decision had already allowed the higher rate, and the Commissioner (Appeals) followed that precedent. For the relevant assessment year, the reference was not answered further since an earlier reference for another year had been returned unanswered on the ground of insubstantial tax effect, and the same reasoning was applied again. The Court therefore declined interference with the allowance of depreciation at 15% and returned the reference unanswered. en-us Mon, 16 Aug 2010 00:00:00 +0530 Sat, 13 Nov 2010 12:24:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78287 Depreciation on plant and machinery used in cement manufacturing and packaging was accepted at 15% rather than 10% because the assessee's own earlier Tribunal decision had already allowed the higher rate, and the Commissioner (Appeals) followed that precedent. For the relevant assessment year, the reference was not answered further since an earlier reference for another year had been returned unanswered on the ground of insubstantial tax effect, and the same reasoning was applied again. The Court therefore declined interference with the allowance of depreciation at 15% and returned the reference unanswered. Case-Laws Income Tax Mon, 16 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78287