1990 (8) TMI 42

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....the Income-tax Act, 1961, at the instance of the assessee, a limited company. The two questions referred read as follows : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal Was justified in law in holding that depreciation on concrete poles is to be allowed at 10% in the assessment years 1977-78 to 1982-83 in terms of Appendix I of Part I of rule 5 ? (2) Whether, ....

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.... difference between concrete pipes and concrete poles and the assessee was entitled to depreciation at the rate of 30%". On further appeal, the order of the Income-tax Officer was restored by the Tribunal. The reasoning of the Tribunal was that in Appendix 1, there is no specific provision for depreciation on moulds of the instant case and, therefore, under the residuary provision, ten per cent. d....

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....te weight in wall or under beam etc., ; molecular pattern governing assembly of protein, etc." In the numerous clauses of Appendix 1, unless a specific clause is attracted in other cases, depreciation of ten per cent. is to be allowed is not disputed. In commercial parlance, pipes are far different from poles, and therefore, sub-clause (2) has no application as that clause deals with moulds whi....