https://www.taxtmi.com/caselaws?id=287660 The Tribunal allowed the appeal of the Assessee, directing the Assessing Officer to allow depreciation at 15% instead of the restricted 10% on electric installation. The decision was based on the precedent set in the Assessee's previous case and the recognition of electrical installation as an integral part of plant and machinery, warranting the higher depreciation rate. The Tribunal found in favor of the Assessee, overturning the order of the Commissioner of Income Tax (Appeals) and granting the requested depreciation allowance. en-us Fri, 13 Dec 2019 00:00:00 +0530 Sat, 25 Apr 2020 10:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287660 The Tribunal allowed the appeal of the Assessee, directing the Assessing Officer to allow depreciation at 15% instead of the restricted 10% on electric installation. The decision was based on the precedent set in the Assessee's previous case and the recognition of electrical installation as an integral part of plant and machinery, warranting the higher depreciation rate. The Tribunal found in favor of the Assessee, overturning the order of the Commissioner of Income Tax (Appeals) and granting the requested depreciation allowance. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287660