https://www.taxtmi.com/caselaws?id=352375 The appeal was filed against the disallowance of depreciation on Crawler Cranes and Dozers @ 30%. The AO had disallowed the depreciation, but the Tribunal found that the vehicles were entitled to depreciation @ 30% as transport vehicles. Relying on the Motor Vehicles Act, the Tribunal concluded that registration under the Act was not mandatory for claiming higher depreciation. Previous judicial decisions and instructions supported the claim for higher depreciation. Consequently, the Tribunal allowed the appeal in favor of the assessee, rejecting the lower authorities' decision to decline the higher claim of depreciation on Crawler Cranes and Dozers. en-us Fri, 08 Dec 2017 00:00:00 +0530 Wed, 13 Dec 2017 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352375 The appeal was filed against the disallowance of depreciation on Crawler Cranes and Dozers @ 30%. The AO had disallowed the depreciation, but the Tribunal found that the vehicles were entitled to depreciation @ 30% as transport vehicles. Relying on the Motor Vehicles Act, the Tribunal concluded that registration under the Act was not mandatory for claiming higher depreciation. Previous judicial decisions and instructions supported the claim for higher depreciation. Consequently, the Tribunal allowed the appeal in favor of the assessee, rejecting the lower authorities' decision to decline the higher claim of depreciation on Crawler Cranes and Dozers. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352375