Truck Chassis with Transit Mixer: Ineligible for Higher Depreciation, but Transit Mixer Itself Qualifies for Additional Allowance.

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Full Text of the Document

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....Eligibility of higher rate depreciation on truck chassis fixed with transit mixture - vehicle used for hire - no evidence that assessee has earned any receipt towards hire of vehicle in the so-called composite contract - no higher depreciation, however transit mixer is eligible for additional depreciation as it is nothing but a plant and machinery used for manufacture/production....