https://www.taxtmi.com/caselaws?id=9849 The High Court upheld the decision of the Income-tax Appellate Tribunal, allowing 100% depreciation on printing cylinders, MS bins, and shipper sintex ice boxes for the assessee engaged in hire-purchase, finance, and leasing. The court found that each asset qualified as a plant and served individual purposes, meeting the criteria for depreciation under the Income-tax Act, 1961. The judgment referenced relevant precedents and concluded that the assets were eligible for full depreciation, dismissing the Revenue's appeal and requiring no further interference in the matter. en-us Mon, 06 Feb 2006 00:00:00 +0530 Thu, 02 Jul 2009 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9849 The High Court upheld the decision of the Income-tax Appellate Tribunal, allowing 100% depreciation on printing cylinders, MS bins, and shipper sintex ice boxes for the assessee engaged in hire-purchase, finance, and leasing. The court found that each asset qualified as a plant and served individual purposes, meeting the criteria for depreciation under the Income-tax Act, 1961. The judgment referenced relevant precedents and concluded that the assets were eligible for full depreciation, dismissing the Revenue's appeal and requiring no further interference in the matter. Case-Laws Income Tax Mon, 06 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9849