https://www.taxtmi.com/caselaws?id=308816 The Revenue's appeal against the Commissioner of Income-tax(Appeals) decision to allow depreciation on electrical fittings at 25% instead of 15% was remitted back to the assessing authority for reconsideration. The Tribunal found the Commissioner's procedure unacceptable. However, the Tribunal upheld the Commissioner's decision to include all expenses related to constructing a breakwater in the port in the depreciation calculation. The judgment was pronounced on November 29, 2011, in Chennai, addressing issues of depreciation rates on electrical fittings and expenses for building a breakwater in the port. en-us Tue, 29 Nov 2011 00:00:00 +0530 Tue, 25 Jul 2023 16:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308816 The Revenue's appeal against the Commissioner of Income-tax(Appeals) decision to allow depreciation on electrical fittings at 25% instead of 15% was remitted back to the assessing authority for reconsideration. The Tribunal found the Commissioner's procedure unacceptable. However, the Tribunal upheld the Commissioner's decision to include all expenses related to constructing a breakwater in the port in the depreciation calculation. The judgment was pronounced on November 29, 2011, in Chennai, addressing issues of depreciation rates on electrical fittings and expenses for building a breakwater in the port. Case-Laws Income Tax Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308816