https://www.taxtmi.com/caselaws?id=58866 The tribunal allowed depreciation for certain barges acquired by the company, considering barge hiring as a valid business activity. It affirmed the availability of depreciation even if barge hiring was classified under 'Income from Other Sources.' Additionally, the tribunal determined that non-self-propelled barges could be considered as ships for investment allowance purposes, rejecting the revenue's argument. Consequently, the assessee was granted investment allowance under section 32A for the barges, leading to the dismissal of the revenue's appeal and the allowance of the assessee's appeal for the assessment year 1982-83. en-us Mon, 02 Mar 1987 00:00:00 +0530 Wed, 22 Dec 2010 15:33:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58866 The tribunal allowed depreciation for certain barges acquired by the company, considering barge hiring as a valid business activity. It affirmed the availability of depreciation even if barge hiring was classified under 'Income from Other Sources.' Additionally, the tribunal determined that non-self-propelled barges could be considered as ships for investment allowance purposes, rejecting the revenue's argument. Consequently, the assessee was granted investment allowance under section 32A for the barges, leading to the dismissal of the revenue's appeal and the allowance of the assessee's appeal for the assessment year 1982-83. Case-Laws Income Tax Mon, 02 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58866