https://www.taxtmi.com/caselaws?id=296027 Crawler cranes and trailers were treated as functionally similar to mechanically propelled vehicles for depreciation purposes, because their mobility and road-use capability aligned them with the higher-rate entry. The Tribunal relied on earlier coordinate bench rulings in the assessee's own case and noted that permanent registration under the motor vehicle law was not a necessary condition for the higher depreciation claim. On that basis, the assets were regarded as eligible for 30% depreciation rather than being confined to the general plant and machinery rate of 15%, and the Revenue's contrary view was rejected. en-us Tue, 03 Dec 2019 00:00:00 +0530 Thu, 01 Jul 2021 07:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296027 Crawler cranes and trailers were treated as functionally similar to mechanically propelled vehicles for depreciation purposes, because their mobility and road-use capability aligned them with the higher-rate entry. The Tribunal relied on earlier coordinate bench rulings in the assessee's own case and noted that permanent registration under the motor vehicle law was not a necessary condition for the higher depreciation claim. On that basis, the assets were regarded as eligible for 30% depreciation rather than being confined to the general plant and machinery rate of 15%, and the Revenue's contrary view was rejected. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296027