https://www.taxtmi.com/caselaws?id=11467 Depreciation at 15% on a diesel generating set was upheld for the assessment year 1983-84 because the Tribunal's allowance was supported by the nature of the machinery, consistent treatment of similar assets in earlier and later years, and its own prior decisions on generating sets. The Gujarat HC declined to disturb that view on revisional interference under section 263, finding no reason on the peculiar facts to displace the factual and comparable-decision basis for the claim. The allowance was therefore sustained in favour of the assessee. en-us Thu, 04 Sep 2003 00:00:00 +0530 Mon, 10 Aug 2009 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11467 Depreciation at 15% on a diesel generating set was upheld for the assessment year 1983-84 because the Tribunal's allowance was supported by the nature of the machinery, consistent treatment of similar assets in earlier and later years, and its own prior decisions on generating sets. The Gujarat HC declined to disturb that view on revisional interference under section 263, finding no reason on the peculiar facts to displace the factual and comparable-decision basis for the claim. The allowance was therefore sustained in favour of the assessee. Case-Laws Income Tax Thu, 04 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11467