https://www.taxtmi.com/caselaws?id=151868 The case involved determining the entitlement to a higher depreciation rate of 40% instead of 25% on explosive vans used for transporting explosives. The Tribunal upheld the assessee's claim, citing relevant CBDT Circulars and previous decisions, ruling that the vans were used in the business of running them on hire, justifying the higher depreciation rate. The dissenting opinion was overruled, emphasizing the need for consistency in judicial decisions. The Revenue's appeal was dismissed, and the matter was referred to the regular Bench for further proceedings in line with the Tribunal's decision. en-us Fri, 28 Mar 2003 00:00:00 +0530 Tue, 18 Jun 2013 15:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151868 The case involved determining the entitlement to a higher depreciation rate of 40% instead of 25% on explosive vans used for transporting explosives. The Tribunal upheld the assessee's claim, citing relevant CBDT Circulars and previous decisions, ruling that the vans were used in the business of running them on hire, justifying the higher depreciation rate. The dissenting opinion was overruled, emphasizing the need for consistency in judicial decisions. The Revenue's appeal was dismissed, and the matter was referred to the regular Bench for further proceedings in line with the Tribunal's decision. Case-Laws Income Tax Fri, 28 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151868