https://www.taxtmi.com/caselaws?id=24252 Enhanced depreciation on machinery was unavailable because the claim turned on whether the equipment had come into contact with corrosive chemicals within the relevant depreciation entry. The Court held that, even if certain elements were present in molasses used in sugar manufacture, they could not be treated as corrosive chemicals. As the requisite contact with corrosive chemicals was not established, the assessee was not entitled to depreciation at the higher rate of 15 per cent. en-us Thu, 01 Oct 1987 00:00:00 +0530 Mon, 18 Jan 2010 17:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24252 Enhanced depreciation on machinery was unavailable because the claim turned on whether the equipment had come into contact with corrosive chemicals within the relevant depreciation entry. The Court held that, even if certain elements were present in molasses used in sugar manufacture, they could not be treated as corrosive chemicals. As the requisite contact with corrosive chemicals was not established, the assessee was not entitled to depreciation at the higher rate of 15 per cent. Case-Laws Income Tax Thu, 01 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24252