Assessee Qualifies for 30% Depreciation on Moulds: Ownership, Asset Inclusion, and Business Use Conditions Met.

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....Higher rate of Depreciation - Prime requirement is that moulds should be owned by the assessee, the same should be part of block assets shown by the assessee and these were put to use for the purpose of business of the assessee and the three requisite conditions have been fulfilled by the assessee in the present case and thus it is entitled to claim depreciation @ 30% - AT....