ITAT allowed additional depreciation on RMC mixer mounted on truck

IT: Where assessee was engaged in business of manufacturing of Ready Mix Concrete (RMC) and carrying it to construction site, it could not be allowed higher rate of depreciation on trucks on which said RMC was mounted for transporting it to construction site; however, transit mixer mounted on vehicle was nothing but a plant and machinery and, thus, eligible for higher rate of depreciation under section 32(1)(iia)

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