Depreciation u/s 32 in respect of plant and machinery.

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....ring that depreciation allowance in respect of machinery and plant installed in such concerns is allowed at the general rate of 7 per cent. 2. It has since been brought to the notice of the Board the machinery and plant used for manufacturing safety razor blades broadly falls in the following 3 categories:- (a) Machine tools. (b) Electrical machinery. (c) General machinery. Under the rates of....