1986 (11) TMI 69 - AT - Income Tax

Summary

The assessee claimed 30% depreciation on a road roller used for earth removal at a dam construction site, but the ITO and Commissioner (Appeals) allowed only 15% depreciation as the road roller was not considered earth-moving machinery under Income-tax Rules. The Tribunal upheld the decision, stating road roller is not earth-moving machinery or a road transport vehicle eligible for 30% depreciation. The appeal was dismissed.