Tribunal held that Transit mixer mounted on vehicle eligible is to be considered as plant and eligible for additional depreciation. However Trucks on which said RMC was mounted for transporting it to construction site is not eligible for higher depreciation. (AY. 2011-12)
Innovative Infrastructure (P.) Ltd. v. DCIT (2019) 176 ITD 868 / 182 DTR 20 (Ahd.)(Trib.)
S. 32 : Depreciation-Transit mixer mounted on vehicle eligible for higher rate of depreciation-Trucks on which said RMC was mounted for transporting it to construction site –Not eligible for higher depreciation. [S. 32(1)(iia)]