1991 (10) TMI 74

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....epreciation at 100 per cent in respect of an asset used by the assessee in its business. 2. The assessee, a company, carries on the business of transporting liquified ammonia. During the previous year it had used a vehicle to transport liquified ammonia from Bombay to Goa. It had been claimed that the assessee is entitled to depreciation at 100 per cent in respect of the cylinder mounted on the....

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.... per cent. treating it as a "Gas cylinder". 5. On record we have a photograph of the vehicle on which the container is mounted. The container is circular in shape. It has all the attributes of a cylinder. It is big in size. 6. A 'tanker', according to dictionary meaning, is a ship, lorry or an aircraft designed to carry liquid in bulk quantity. It can even be a railway wagon. It cannot be co....

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....r what the size is. 8. The assessee has been granted licence by the Chief Controller of Explosives to transport compressed ammonia gas in the container mounted on the vehicle. The container is nothing but a big cylinder suitable for being mounted on the chassis of the truck. It has all the attributes of a cylinder. Stringent conditions are imposed by Explosives department having regard to the d....