1992 (3) TMI 37

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..... court under section 256(1) of the Income-tax Act, 1961: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding that the assessee is entitled to 100 per cent. depreciation in respect of earthen work of kyaras, pans, reservoirs and roads and other units, irrespective of the fact that such assets were built prior to the accounting .....

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..... 7] 163 ITR 265. In that case also, the Income-tax Officer had refused to allow the assessee's claim for 100 per cent. depreciation solely on the ground that salt pans, etc., were not new. This court held that the said view of the Income-tax Officer was not correct. This court further held that if salt pans, etc., in respect of which depreciation at 100 per cent. is claimed were made of earth and c .....

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