Court Rules in Favor of Taxpayer, Approves 50% Depreciation Rate for Road Construction Equipment Over 15% Option.

Court Rules in Favor of Taxpayer, Approves 50% Depreciation Rate for Road Construction Equipment Over 15% Option. https://www.taxtmi.com/highlights?id=33062 Depreciation on JCB Excavator, Motor Grader and Soil Compactor used in the business of construction of road exclusively - @ 15% OR 50% - if there are two views possible, then the view which favours the assessee has to be adopted. - AT en-us Mon, 30 Jan 2017 06:41:29 +0530 Mon, 30 Jan 2017 06:41:29 +0530 TaxTMI RSS Generator Court Rules in Favor of Taxpayer, Approves 50% Depreciation Rate for Road Construction Equipment Over 15% Option. https://www.taxtmi.com/highlights?id=33062 Depreciation on JCB Excavator, Motor Grader and Soil Compactor used in the business of construction of road exclusively - @ 15% OR 50% - if there are two views possible, then the view which favours the assessee has to be adopted. - AT Highlights Income Tax Mon, 30 Jan 2017 06:41:29 +0530 https://www.taxtmi.com/highlights?id=33062