https://www.taxtmi.com/caselaws?id=329274 Moulds used to manufacture electric switches and sockets made predominantly of plastic qualified for 30% depreciation under the entry for moulds used in rubber and plastic goods factories. The court treated the factory as a plastic goods factory because the essential character of the products remained plastic, and the later insertion of electrical circuits and wires did not change that character. Accordingly, the higher depreciation rate applied to the moulds, and the assessee's claim was upheld against the Revenue. en-us Tue, 21 Jun 2016 00:00:00 +0530 Mon, 27 Jun 2016 07:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329274 Moulds used to manufacture electric switches and sockets made predominantly of plastic qualified for 30% depreciation under the entry for moulds used in rubber and plastic goods factories. The court treated the factory as a plastic goods factory because the essential character of the products remained plastic, and the later insertion of electrical circuits and wires did not change that character. Accordingly, the higher depreciation rate applied to the moulds, and the assessee's claim was upheld against the Revenue. Case-Laws Income Tax Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329274