Case Law Details
Case Name : Commissioner of Income-Tax Vs S. Vijaya Kumar (Andhra Pradesh High Court)
Related Assessment Year :
Courts :
All High Courts Andhra Pradesh HC
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Brief of the case
Assesse claimed depreciation on centering and shuttering material at rate of 100% treating said items as ‘plant’. A.O. allowed assesse’s claim in respect of items having value of less than Rs. 5000. In respect of remaining items the A.O. allowed depreciation at rate of 331/3%. Commissioner (Appeals) as well as Tribunal allowed assesse’s claim.
High Court confirmed the Tribunal’s order and held that individual units of centering /shuttering
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