https://www.taxtmi.com/article/detailed?id=135 Higher depreciation applies to plant and machinery that are energy saving devices or renewal energy devices, and the Appendix descriptions are illustrative; eligible equipment should be identified by function not merely nomenclature. Tribunal rulings have held that fluidized bed dryers qualify as energy-saving heat-treatment machinery and warrant accelerated depreciation, and where the Revenue has not appealed such Tribunal orders they should be followed unless just cause exists to seek higher-court review. en-us Sun, 10 Aug 2008 00:00:00 +0530 Sat, 07 Mar 2009 12:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=135 Higher depreciation applies to plant and machinery that are energy saving devices or renewal energy devices, and the Appendix descriptions are illustrative; eligible equipment should be identified by function not merely nomenclature. Tribunal rulings have held that fluidized bed dryers qualify as energy-saving heat-treatment machinery and warrant accelerated depreciation, and where the Revenue has not appealed such Tribunal orders they should be followed unless just cause exists to seek higher-court review. Articles Income Tax Sun, 10 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=135