https://www.taxtmi.com/caselaws?id=222014 The Tribunal upheld the order of the ld. CIT(A) in favor of the assessee, allowing the higher rate of depreciation at 30% for security vans used in their transportation business. The decision was based on established facts regarding the nature of the assessee's business activities and supported by relevant judicial precedents. Consequently, the Revenue's appeal was dismissed, emphasizing consistency in applying depreciation rates for assets used in specific business operations. en-us Fri, 15 Feb 2013 00:00:00 +0530 Wed, 10 Apr 2013 23:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222014 The Tribunal upheld the order of the ld. CIT(A) in favor of the assessee, allowing the higher rate of depreciation at 30% for security vans used in their transportation business. The decision was based on established facts regarding the nature of the assessee's business activities and supported by relevant judicial precedents. Consequently, the Revenue's appeal was dismissed, emphasizing consistency in applying depreciation rates for assets used in specific business operations. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222014