1980 (9) TMI 148 - AT - Income Tax

Summary

The appeal concerned whether the assessee is entitled to depreciation on a diesel generator at a special rate of 15%. The CIT (A) allowed depreciation at 15% based on the entry in the IT Rules, considering the generator as part of general machinery in tea factories. The Tribunal agreed, stating the generator is used in processing tea and falls under general machinery in a tea factory. Departmental appeal was dismissed.

Citation: 1980 (9) TMI 148 - ITAT MADRAS-B