https://www.taxtmi.com/caselaws?id=353209 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the assessee was eligible for higher depreciation on Trailers, Dumpers & Motor Lorries used in the transportation business. The Tribunal considered the substantial revenue from the transport business, indicating that transportation was not merely incidental to the main business of Clearing & Forwarding agency. Consequently, the appeal by the revenue was dismissed, affirming the allowance of higher depreciation at 30% for the Assessment Year 2011-12. en-us Fri, 22 Dec 2017 00:00:00 +0530 Fri, 29 Dec 2017 08:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353209 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the assessee was eligible for higher depreciation on Trailers, Dumpers & Motor Lorries used in the transportation business. The Tribunal considered the substantial revenue from the transport business, indicating that transportation was not merely incidental to the main business of Clearing & Forwarding agency. Consequently, the appeal by the revenue was dismissed, affirming the allowance of higher depreciation at 30% for the Assessment Year 2011-12. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353209