Higher Depreciation Rate of 80% Approved for LPG Gas Plant; CIT(A) Decision Upheld.

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....Higher rate of Depreciation - CIT(A) allowed depreciation @ 80% for the reason that the assessee has not restricted the depreciation on Cylinders, Valves and regulars, but has claimed depreciation on LPG gas plant - conclusion reached by the ld. CIT(A) is liable to be supported - AT....