https://www.taxtmi.com/caselaws?id=367035 The dispute involved the disallowance of higher depreciation on boilers and ancillary equipment claimed as Energy Savings Devices. The CIT(A) ruled in favor of the assessee, allowing 80% depreciation on the ancillary equipment integral to the specialized boiler. The decision was supported by precedents where components closely linked to machinery received higher depreciation rates. The ITAT Mumbai upheld the CIT(A)'s decision, dismissing the revenue's appeal and affirming the application of relevant case laws in granting relief to the assessee. en-us Wed, 27 Jun 2018 00:00:00 +0530 Fri, 14 Sep 2018 07:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367035 The dispute involved the disallowance of higher depreciation on boilers and ancillary equipment claimed as Energy Savings Devices. The CIT(A) ruled in favor of the assessee, allowing 80% depreciation on the ancillary equipment integral to the specialized boiler. The decision was supported by precedents where components closely linked to machinery received higher depreciation rates. The ITAT Mumbai upheld the CIT(A)'s decision, dismissing the revenue's appeal and affirming the application of relevant case laws in granting relief to the assessee. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367035