2012 (9) TMI 1222

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(Per Sri GR, J) : Following the judgment of the Madras High Court in Commissioner of Income-Tax vs. Madan and Co. (254 ITR 445), the Income Tax Appellate Tribunal, Hyderabad Bench partly allowed the assessee's appeal in I.T.A.No.445/H/2002 by the order dated 31.09.2009, for the Assessment Year 1998-99 and declared that the assessee shall be entitled to depreciation at the rate of 40% on the vehic....