https://www.taxtmi.com/caselaws?id=3145 The court held that the term "gas cylinder" for depreciation purposes encompassed all types of gas cylinders, entitling them to 100% depreciation. It concluded that the containers mounted on trucks qualified as gas cylinders and were classified as plant and machinery for depreciation purposes. The Tribunal's decision was upheld, affirming the assessee's entitlement to full depreciation. The court dismissed the Department's appeal and ruled in favor of the assessee, emphasizing the containers' resemblance to gas cylinders and their eligibility for 100% depreciation. en-us Thu, 12 Jan 2006 00:00:00 +0530 Wed, 30 Jul 2008 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3145 The court held that the term "gas cylinder" for depreciation purposes encompassed all types of gas cylinders, entitling them to 100% depreciation. It concluded that the containers mounted on trucks qualified as gas cylinders and were classified as plant and machinery for depreciation purposes. The Tribunal's decision was upheld, affirming the assessee's entitlement to full depreciation. The court dismissed the Department's appeal and ruled in favor of the assessee, emphasizing the containers' resemblance to gas cylinders and their eligibility for 100% depreciation. Case-Laws Income Tax Thu, 12 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3145