Tippers given on hire and registered as vehicle with registration authority are eligible for depreciation at 40 per cent

IT: Tippers given on hire and registered as vehicle with registration authority are eligible for depreciation at 40 per cent

IT: Where assessee kept his mining equipment ready and also used when machines of sub-contractor got breakdown, depreciation on mining

equipment would be allowed

IT: Where assessee was engaged in mining work and purchased Tavera car as maruti van was not suitable for supervision at mine site for business purpose, depreciation would be allowed

IT: Where credit entry pertained to share of income from partnership firm and Assessing Officer failed to show that assessee introduced cash credit, section 68 would not be applicable

[2014] 47 taxmann.com 390 (Jodhpur - Trib.)

IN THE ITAT JODHPUR BENCH

Assistant Commissioner of Income-tax

v.

Ashok Doshi