https://www.taxtmi.com/caselaws?id=30799 The High Court ruled against the assessee, a cooperative society running a sugar factory and distillery unit, in a dispute over claiming 100% depreciation on a high efficiency boiler. The Court held that the boiler's efficiency range of 72.5% to 77.5% did not meet the required 75% threshold for such depreciation, as per Income-tax Rules. Consequently, the Court sided with the Revenue, rejecting the assessee's claim for 100% depreciation on the boiler and ordered no costs. en-us Mon, 11 Jul 2005 00:00:00 +0530 Wed, 24 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30799 The High Court ruled against the assessee, a cooperative society running a sugar factory and distillery unit, in a dispute over claiming 100% depreciation on a high efficiency boiler. The Court held that the boiler's efficiency range of 72.5% to 77.5% did not meet the required 75% threshold for such depreciation, as per Income-tax Rules. Consequently, the Court sided with the Revenue, rejecting the assessee's claim for 100% depreciation on the boiler and ordered no costs. Case-Laws Income Tax Mon, 11 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30799