https://www.taxtmi.com/caselaws?id=25928 The High Court addressed the allowance of depreciation on dumpers for assessment years 1974-75 and 1975-76, initially considering them as road transport vehicles. The court allowed development rebate on the basis that the dumpers were machinery/tools, leading to a dispute over depreciation. The court upheld the classification of dumpers as tools for construction work, allowing development rebate despite Revenue's contention. The court emphasized consistency in Revenue's stand and concluded dumpers were road transport vehicles, allowing depreciation claims. The court ruled in favor of the assessee, affirming entitlement to depreciation on dumpers as road transport vehicles. en-us Fri, 07 Mar 1986 00:00:00 +0530 Mon, 01 Feb 2010 17:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25928 The High Court addressed the allowance of depreciation on dumpers for assessment years 1974-75 and 1975-76, initially considering them as road transport vehicles. The court allowed development rebate on the basis that the dumpers were machinery/tools, leading to a dispute over depreciation. The court upheld the classification of dumpers as tools for construction work, allowing development rebate despite Revenue's contention. The court emphasized consistency in Revenue's stand and concluded dumpers were road transport vehicles, allowing depreciation claims. The court ruled in favor of the assessee, affirming entitlement to depreciation on dumpers as road transport vehicles. Case-Laws Income Tax Fri, 07 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25928