Rate of depreciation - Concrete Pump etc. have been fitted by ...

Depreciation Dispute: Concrete Pump Not a Commercial Vehicle, 40% Rate Denied, 15% Correctly Applied.

April 22, 2020

Case Laws Income Tax AT

Rate of depreciation - Concrete Pump etc. have been fitted by the assessee as per his own convenience but the same cannot be said to be a part of the commercial vehicle - the claim of the assessee of depreciation @ 40% on Concrete Pump and other related equipment, has rightly been reduced / disallowed by the lower authorities and the same has rightly been allowed @ 15%. - AT

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Rate of depreciation - Concrete Pump etc. have been fitted by ...

Depreciation Dispute: Concrete Pump Not a Commercial Vehicle, 40% Rate Denied, 15% Correctly Applied.

April 22, 2020

Case Laws Income Tax AT

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