https://www.taxtmi.com/caselaws?id=171821 The appeal by Revenue against the order of C.I.T.(Appeals) regarding depreciation on a Vapour Absorption Machine was dismissed. The assessing authority's modification of depreciation allowance from 100% to 25% under section 154 of the I.T. Act, 1961 was deemed lacking jurisdiction. The machine's classification as an energy-saving device was considered debatable and not suitable for rectification under section 154. The cross-objection by the assessee was allowed, resulting in the dismissal of Revenue's appeal. en-us Wed, 01 Dec 2010 00:00:00 +0530 Wed, 05 Aug 2015 13:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171821 The appeal by Revenue against the order of C.I.T.(Appeals) regarding depreciation on a Vapour Absorption Machine was dismissed. The assessing authority's modification of depreciation allowance from 100% to 25% under section 154 of the I.T. Act, 1961 was deemed lacking jurisdiction. The machine's classification as an energy-saving device was considered debatable and not suitable for rectification under section 154. The cross-objection by the assessee was allowed, resulting in the dismissal of Revenue's appeal. Case-Laws Income Tax Wed, 01 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171821