https://www.taxtmi.com/caselaws?id=778769 The SC held the taxpayer's claim for depreciation at a higher 30% rate on tippers was not allowable because the business was mining/excavation contracting, not hiring motor lorries. Relying on the HC's earlier decision, the AO lacked fresh tangible material to reopen assessment under s.147; the exercise amounted to a mere change of opinion. The petition to this Court was dismissed for inordinate delay of 244 days in filing the SLP, the explanation not constituting sufficient cause, and the appeal was therefore dismissed on grounds of delay. en-us Wed, 17 Sep 2025 00:00:00 +0530 Mon, 22 Sep 2025 08:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778769 The SC held the taxpayer's claim for depreciation at a higher 30% rate on tippers was not allowable because the business was mining/excavation contracting, not hiring motor lorries. Relying on the HC's earlier decision, the AO lacked fresh tangible material to reopen assessment under s.147; the exercise amounted to a mere change of opinion. The petition to this Court was dismissed for inordinate delay of 244 days in filing the SLP, the explanation not constituting sufficient cause, and the appeal was therefore dismissed on grounds of delay. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778769