https://www.taxtmi.com/caselaws?id=176855 The court upheld the Tribunal's decision to grant 100% depreciation on the automatic coal supply system, deeming it an integral part of the boiler. The court rejected the revenue's argument that components like the coal container, conveyer, elevator, and dust collecting system should only qualify for 25% depreciation. It affirmed that these components, essential for modernization and automation, are inseparable from the boiler system and thus eligible for full depreciation. Both appeals were dismissed without costs, favoring the assessee's claim for 100% depreciation on the relevant items. en-us Thu, 29 Mar 2007 00:00:00 +0530 Fri, 16 Feb 2024 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176855 The court upheld the Tribunal's decision to grant 100% depreciation on the automatic coal supply system, deeming it an integral part of the boiler. The court rejected the revenue's argument that components like the coal container, conveyer, elevator, and dust collecting system should only qualify for 25% depreciation. It affirmed that these components, essential for modernization and automation, are inseparable from the boiler system and thus eligible for full depreciation. Both appeals were dismissed without costs, favoring the assessee's claim for 100% depreciation on the relevant items. Case-Laws Income Tax Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176855