https://www.taxtmi.com/caselaws?id=22495 Moulds used to manufacture concrete poles were held not to qualify for 30% depreciation under the specific entries for concrete-pipe moulds or for patterns, dies and templates, because poles were treated in commercial parlance as different from pipes and no specific entry covered the assets; the residuary 10% rate therefore applied. The assessment rectification under Section 154 was also upheld, as the issue was treated as governed by binding precedent. Both questions were answered against the assessee and in favour of the Revenue. en-us Fri, 17 Aug 1990 00:00:00 +0530 Thu, 10 Dec 2009 16:43:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22495 Moulds used to manufacture concrete poles were held not to qualify for 30% depreciation under the specific entries for concrete-pipe moulds or for patterns, dies and templates, because poles were treated in commercial parlance as different from pipes and no specific entry covered the assets; the residuary 10% rate therefore applied. The assessment rectification under Section 154 was also upheld, as the issue was treated as governed by binding precedent. Both questions were answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Fri, 17 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22495