https://www.taxtmi.com/caselaws?id=12963 The Tribunal ruled in favor of the assessee, determining that the mobile crane used in quarrying granite blocks qualifies for additional depreciation under the Income-tax Act, 1961. The Tribunal held that the crane, despite its capability to lift and move weights, retains its essential character as machinery used in mining operations and not as a road transport vehicle. Additionally, the lessor of the machinery was found eligible for investment allowance based on legal precedent, entitling the assessee to costs amounting to Rs.2,000. en-us Thu, 02 Aug 2001 00:00:00 +0530 Mon, 25 May 2009 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12963 The Tribunal ruled in favor of the assessee, determining that the mobile crane used in quarrying granite blocks qualifies for additional depreciation under the Income-tax Act, 1961. The Tribunal held that the crane, despite its capability to lift and move weights, retains its essential character as machinery used in mining operations and not as a road transport vehicle. Additionally, the lessor of the machinery was found eligible for investment allowance based on legal precedent, entitling the assessee to costs amounting to Rs.2,000. Case-Laws Income Tax Thu, 02 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12963