https://www.taxtmi.com/caselaws?id=394702 The Appellate Tribunal partially allowed the appeal, upholding the disallowance of higher depreciation on the Concrete Pump and related equipment but allowing the higher rate for the 'Chassis.' The decision was based on the distinction between integral vehicle components and additional equipment added for business purposes, emphasizing the importance of correctly assessing depreciation rates in accordance with the Income Tax Act. en-us Thu, 30 Jan 2020 00:00:00 +0530 Wed, 22 Apr 2020 10:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394702 The Appellate Tribunal partially allowed the appeal, upholding the disallowance of higher depreciation on the Concrete Pump and related equipment but allowing the higher rate for the 'Chassis.' The decision was based on the distinction between integral vehicle components and additional equipment added for business purposes, emphasizing the importance of correctly assessing depreciation rates in accordance with the Income Tax Act. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394702