https://www.taxtmi.com/caselaws?id=373429 Entitlement to higher depreciation on CNC drill machines depended on unresolved factual questions about the asset's character and use, including whether it was itself an agricultural and municipal waste conversion device or machinery used to manufacture such devices. Because the record did not clearly establish the correct depreciation category, the issue required fresh examination on the basis of documents and evidence to be furnished by the assessee. The disallowance was set aside and the matter was remanded to the Assessing Officer for de novo adjudication after giving a reasonable opportunity to the assessee. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 12 Jan 2019 07:01:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373429 Entitlement to higher depreciation on CNC drill machines depended on unresolved factual questions about the asset's character and use, including whether it was itself an agricultural and municipal waste conversion device or machinery used to manufacture such devices. Because the record did not clearly establish the correct depreciation category, the issue required fresh examination on the basis of documents and evidence to be furnished by the assessee. The disallowance was set aside and the matter was remanded to the Assessing Officer for de novo adjudication after giving a reasonable opportunity to the assessee. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373429