2000 (6) TMI 775 - AT - Income Tax

Summary

The Department appealed the allowance of 100% depreciation on a Fluidized Bed Type Heat Dryer instead of the prescribed 33.33%. The Tribunal upheld the decision, stating that both the dryer and boiler are energy-saving devices, and depreciation at 100% should apply. The appeal was dismissed. (Case: Appellate Tribunal ITAT KOLKATA, Citation: 2000 (6) TMI 775 - ITAT KOLKATA)