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Higher rate of depreciation on dumpers - @ 30% OR 15% - Even if ...


High Court to Decide Depreciation Rate for Mining Dumpers: 30% or 15%? Referencing CBDT Circulars No. 609 and 652.

May 19, 2018

Case Laws     Income Tax     HC

Higher rate of depreciation on dumpers - @ 30% OR 15% - Even if the assessee had used such equipments and manpower for its direct mining operations for the contract, if it was so awarded, we wonder whether that would make any difference particularly in view of CBDT Circulars No. 609 and 652 - HC

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