https://www.taxtmi.com/caselaws?id=790705 Higher depreciation at 40% on claimed life-saving medical equipment was found unavailable because the operation theatre, air pipeline system, anaesthesia trolley system and stabilizer did not fall within the specific items listed in the depreciation table under the Income-tax Rules. The erroneous allowance was treated as a mistake apparent from the record, so rectification under section 154 was valid. The cited precedent was distinguished on the basis that the equipment there matched the prescribed items, whereas the present items did not. The restriction of depreciation to 15% was therefore upheld. en-us Tue, 21 Apr 2026 00:00:00 +0530 Wed, 29 Apr 2026 08:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790705 Higher depreciation at 40% on claimed life-saving medical equipment was found unavailable because the operation theatre, air pipeline system, anaesthesia trolley system and stabilizer did not fall within the specific items listed in the depreciation table under the Income-tax Rules. The erroneous allowance was treated as a mistake apparent from the record, so rectification under section 154 was valid. The cited precedent was distinguished on the basis that the equipment there matched the prescribed items, whereas the present items did not. The restriction of depreciation to 15% was therefore upheld. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790705