https://www.taxtmi.com/caselaws?id=3146 The Tribunal correctly allowed 100% depreciation on "Chlorine Containers" as gas cylinders, including valves and regulators, under the Income-tax Rules. The Court upheld this decision, emphasizing the literal interpretation of the Rules without imposing additional qualifications beyond the plain language. The judgment reaffirmed that assets meeting the criteria specified in the Rules should be granted the corresponding depreciation benefits, dismissing the appeal for lack of substantial legal questions. en-us Tue, 05 Jun 2007 00:00:00 +0530 Mon, 13 Jun 2011 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3146 The Tribunal correctly allowed 100% depreciation on "Chlorine Containers" as gas cylinders, including valves and regulators, under the Income-tax Rules. The Court upheld this decision, emphasizing the literal interpretation of the Rules without imposing additional qualifications beyond the plain language. The judgment reaffirmed that assets meeting the criteria specified in the Rules should be granted the corresponding depreciation benefits, dismissing the appeal for lack of substantial legal questions. Case-Laws Income Tax Tue, 05 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3146