https://www.taxtmi.com/caselaws?id=338253 The Tribunal allowed the appeal in favor of the assessee, directing the AO to grant the claimed higher depreciation rate of 50% on the JCB Excavator, Motor Grader, and Soil Compactor used in road construction. The decision was based on adopting the view favoring the assessee when faced with conflicting judicial precedents on the classification of such machinery for depreciation purposes. en-us Fri, 30 Sep 2016 00:00:00 +0530 Fri, 27 Jan 2017 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338253 The Tribunal allowed the appeal in favor of the assessee, directing the AO to grant the claimed higher depreciation rate of 50% on the JCB Excavator, Motor Grader, and Soil Compactor used in road construction. The decision was based on adopting the view favoring the assessee when faced with conflicting judicial precedents on the classification of such machinery for depreciation purposes. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338253