https://www.taxtmi.com/caselaws?id=199305 The Appellate Tribunal upheld the decision of the Ld. CIT(A) to allow depreciation at 30% on dumpers and tippers, in line with the judgment of the Hon'ble Karnataka High Court. The Court clarified that machinery used in construction activities qualifies for investment allowance under section 32A of the Income-tax Act, expanding the scope of eligible assets. The ruling emphasized the importance of machinery directly involved in production processes and dismissed the revenue's appeal, affirming the higher depreciation rate for the assessee. en-us Wed, 18 Oct 2017 00:00:00 +0530 Sun, 25 Feb 2018 09:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199305 The Appellate Tribunal upheld the decision of the Ld. CIT(A) to allow depreciation at 30% on dumpers and tippers, in line with the judgment of the Hon'ble Karnataka High Court. The Court clarified that machinery used in construction activities qualifies for investment allowance under section 32A of the Income-tax Act, expanding the scope of eligible assets. The ruling emphasized the importance of machinery directly involved in production processes and dismissed the revenue's appeal, affirming the higher depreciation rate for the assessee. Case-Laws Income Tax Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199305