https://www.taxtmi.com/caselaws?id=253318 The Court upheld the Tribunal's decision, affirming that the Vapour Absorption Machine qualifies as an energy-saving device eligible for 100% depreciation under the Income Tax Rules. The Court dismissed the Revenue's appeal, emphasizing that the Assessing Officer's attempt to rectify the depreciation rate to 25% was unjustified and lacked legal basis. Consequently, the Court found no substantial question of law to consider and dismissed the appeals without costs. en-us Tue, 11 Nov 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:06:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253318 The Court upheld the Tribunal's decision, affirming that the Vapour Absorption Machine qualifies as an energy-saving device eligible for 100% depreciation under the Income Tax Rules. The Court dismissed the Revenue's appeal, emphasizing that the Assessing Officer's attempt to rectify the depreciation rate to 25% was unjustified and lacked legal basis. Consequently, the Court found no substantial question of law to consider and dismissed the appeals without costs. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253318