https://www.taxtmi.com/caselaws?id=440068 The ITAT upheld the decision of the Ld. CIT(A) in a case where the Revenue appealed against the higher rate of depreciation allowed on certain equipment. The ITAT found that the assessee, engaged in providing equipment and vehicles on hire, was entitled to claim the higher rate of depreciation. The ITAT dismissed the Revenue's appeal, citing that the grounds raised lacked merit and were in line with a Co-ordinate Bench decision. en-us Wed, 05 Jul 2023 00:00:00 +0530 Fri, 07 Jul 2023 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440068 The ITAT upheld the decision of the Ld. CIT(A) in a case where the Revenue appealed against the higher rate of depreciation allowed on certain equipment. The ITAT found that the assessee, engaged in providing equipment and vehicles on hire, was entitled to claim the higher rate of depreciation. The ITAT dismissed the Revenue's appeal, citing that the grounds raised lacked merit and were in line with a Co-ordinate Bench decision. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440068