17 August 2011
PLEASE ADVISE ME ON WHAT IS THE RATE OF DEPRECIATION ON DUMPERS USED IN CONSTRUCTION ACTIVITIES OF GOLF COURCE. WHETHER IT IS 30 % OR 15 % .PL ADVICE WITH SOME FACTUAL DATA SO THAT I CAN STRONGLY PRESENT MY CASE THANKS
17 August 2011
"Dumper" comes within expression "earthmoving machinery" and that the assessee is entitled to get 30% depreciation. Citation :- CIT Vs. Sibson Construction Company (1997) 142 CTR (Gau) 4.
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