Assessee's Request for 40% Depreciation on Machinery Denied; Correct Rate of 15% Applied According to Appendix.

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....Depreciation on the alleged life saving equipments - @40% OR 15% - The machinery on which depreciation has been claimed by the assessee at 40% is not being provided in the Appendix. - the depreciation on such machinery is at 15% which has rightly allowed.....