2001 (10) TMI 32

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... respondent-assessee is engaged in the business of polishing stones and other masonry stone works. The trucks in question are mostly used in his own business in transportation of stones. On these trucks, the assessee has claimed depreciation at 40 per cent. whereas the Income-tax Officer has allowed depreciation at 30 per cent. On appeal, the Commissioner of Income-tax relying on a decision of the....