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Case Law Details

Case Name : Maharashtra State Road Development Corpn. Ltd. Vs. ACIT (ITAT Mumbai)
Related Assessment Year :
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RELEVANT PARAGRAPH

8. Heard both sides. The issue for consideration is whether the fly over, roads, bridges, highway express, ROB etc can be classified as plant and machinery entitled to depreciation of 25% or whether they should be classified as building entitled to depreciation only of 10%

Section 43(3) defines plant as under:-

“Plant” includes ships, vehicles, books, scientifi

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