Tribunal held that the assessee engaged in providing equipment and motor vehicles for hire had received contracts which included transportation of excavated minerals, was eligible for higher depreciation. High Court affirmed the order of Tribunal. (AY. 2011-12 to 2013-14)
PCIT v. H.D. Enterprises (2021) 130 taxmann.com 289 (Guj.)(HC) Editorial : SLP of revenue dismissed, PCIT v. H.D. Enterprises (2021) 282 Taxman 382 (SC)/) (2021 438 ITR 2 (ST) (SC)
S. 32 : Depreciation-Business of mining and transportation-Dumpers-Higher rate of depreciation of 30% is allowable-No substantial question of law. [S. 260A]