https://www.taxtmi.com/caselaws?id=360608 The Court upheld the Tribunal's decision, confirming the assessee's entitlement to a higher rate of depreciation on dumpers used in their business of providing equipments on hire. The judgment emphasized the importance of tender terms and contractual obligations in determining the nature of business activities for depreciation claims. en-us Tue, 01 May 2018 00:00:00 +0530 Sat, 19 May 2018 15:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360608 The Court upheld the Tribunal's decision, confirming the assessee's entitlement to a higher rate of depreciation on dumpers used in their business of providing equipments on hire. The judgment emphasized the importance of tender terms and contractual obligations in determining the nature of business activities for depreciation claims. Case-Laws Income Tax Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360608