https://www.taxtmi.com/caselaws?id=260844 The Full Bench held that the appellate Tribunal was justified in law in allowing the assessee to claim 100% depreciation on centering/shuttering material. The decision in *Commissioner of Income Tax Vs. Raghavendra Constructions* was overruled, and the view in *Commissioner of Income Tax Vs. Live Well Home Finance (P) Limited* was upheld. The matter was remitted to the appropriate Bench for a decision based on the majority opinion. Justice M. S. Ramachandra Rao provided a dissenting opinion, supporting the assessee's entitlement to claim 100% depreciation on individual components of shuttering material. en-us Fri, 05 Jun 2015 00:00:00 +0530 Sat, 07 Nov 2015 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260844 The Full Bench held that the appellate Tribunal was justified in law in allowing the assessee to claim 100% depreciation on centering/shuttering material. The decision in *Commissioner of Income Tax Vs. Raghavendra Constructions* was overruled, and the view in *Commissioner of Income Tax Vs. Live Well Home Finance (P) Limited* was upheld. The matter was remitted to the appropriate Bench for a decision based on the majority opinion. Justice M. S. Ramachandra Rao provided a dissenting opinion, supporting the assessee's entitlement to claim 100% depreciation on individual components of shuttering material. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260844