https://www.taxtmi.com/caselaws?id=56345 Diesel generating set depreciation was treated as eligible at 15% rather than 10% in section 263 proceedings under the Income-tax Act, 1961. The Tribunal relied on earlier and later assessments allowing 15% depreciation and on its prior view that a diesel generating set falls within the relevant renewable energy device entry. As the assessee confined its claim to 15% despite prior decisions indicating a higher rate, the Commissioner's restriction to 10% was not accepted, and the 15% depreciation claim was upheld with the section 263 order set aside. en-us Wed, 06 Mar 1991 00:00:00 +0530 Fri, 03 Dec 2010 12:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56345 Diesel generating set depreciation was treated as eligible at 15% rather than 10% in section 263 proceedings under the Income-tax Act, 1961. The Tribunal relied on earlier and later assessments allowing 15% depreciation and on its prior view that a diesel generating set falls within the relevant renewable energy device entry. As the assessee confined its claim to 15% despite prior decisions indicating a higher rate, the Commissioner's restriction to 10% was not accepted, and the 15% depreciation claim was upheld with the section 263 order set aside. Case-Laws Income Tax Wed, 06 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56345