https://www.taxtmi.com/caselaws?id=55460 The tribunal allowed the appeals, setting aside the CIT's orders under section 263 of the IT Act for assessment years 1978-79, 1980-81, and 1981-82. The tribunal held that dumpers used in road construction should be classified as earth-moving machinery, justifying a 30% depreciation rate. It criticized the CIT's repeated interventions in the same assessment year on different issues, emphasizing the necessity for a comprehensive review before invoking such jurisdiction. As a result, the tribunal restored the ITO's orders for the relevant assessment years. en-us Fri, 09 Sep 1988 00:00:00 +0530 Sat, 27 Nov 2010 11:46:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55460 The tribunal allowed the appeals, setting aside the CIT's orders under section 263 of the IT Act for assessment years 1978-79, 1980-81, and 1981-82. The tribunal held that dumpers used in road construction should be classified as earth-moving machinery, justifying a 30% depreciation rate. It criticized the CIT's repeated interventions in the same assessment year on different issues, emphasizing the necessity for a comprehensive review before invoking such jurisdiction. As a result, the tribunal restored the ITO's orders for the relevant assessment years. Case-Laws Income Tax Fri, 09 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55460