https://www.taxtmi.com/caselaws?id=36960 The High Court of Madras addressed the classification of machinery for depreciation under the Income Tax Rules, focusing on whether an offset press qualified as "other electrical machinery." Emphasizing the presence of an in-built electric motor as crucial for classification, the court differentiated between "electrical machinery" and "electrically operated machinery." Criticizing the ITO's lack of detailed investigation, the court remanded the case for further examination, directing the Tribunal to gather necessary details for a comprehensive review. The judgment highlighted the importance of scrutinizing machinery composition to determine its classification for depreciation calculation. en-us Mon, 14 Jan 1980 00:00:00 +0530 Thu, 25 Mar 2010 16:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36960 The High Court of Madras addressed the classification of machinery for depreciation under the Income Tax Rules, focusing on whether an offset press qualified as "other electrical machinery." Emphasizing the presence of an in-built electric motor as crucial for classification, the court differentiated between "electrical machinery" and "electrically operated machinery." Criticizing the ITO's lack of detailed investigation, the court remanded the case for further examination, directing the Tribunal to gather necessary details for a comprehensive review. The judgment highlighted the importance of scrutinizing machinery composition to determine its classification for depreciation calculation. Case-Laws Income Tax Mon, 14 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36960