https://www.taxtmi.com/caselaws?id=18499 A terex pay loader used to lift coal from the earth, load it into a dumper, and transfer coal in open-cast mining was treated as earth-moving machinery under clause III(D)(8) of Appendix-I to the Income-tax Rules, 1962. On that functional use, it qualified for depreciation at 30 per cent. The High Court stated that this classification did not raise any substantial question of law for reference under section 256(2) of the Income-tax Act, 1961, and the machinery was rightly brought within the higher depreciation entry. en-us Wed, 24 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 13:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18499 A terex pay loader used to lift coal from the earth, load it into a dumper, and transfer coal in open-cast mining was treated as earth-moving machinery under clause III(D)(8) of Appendix-I to the Income-tax Rules, 1962. On that functional use, it qualified for depreciation at 30 per cent. The High Court stated that this classification did not raise any substantial question of law for reference under section 256(2) of the Income-tax Act, 1961, and the machinery was rightly brought within the higher depreciation entry. Case-Laws Income Tax Wed, 24 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18499