IN HIGH COURT OF DELHI AT NEW DELHI ITA 720/2019 PR. COMMISSIONER OF INCOME TAX-7, DELHI Appellant Through: Mr.Raghvendra Kishore Singh, Senior Standing Counsel for Revenue. versus QUIPPO OIL & GAS INFRA LTD. Respondent Through: Ms.Kavita Jha and Mr.Anant Mann, Advocates. CORAM: JUSTICE S.MURALIDHAR JUSTICE TALWANT SINGH ORDER 05.08.2019 1. This is appeal against order dated 18 th December, 2018 passed by Income Tax Appellate Tribunal (ITAT) in ITA No.5709/Del/2014 for Assessment Year (AY) 2007-08. 2. issue sought to be urged by Revenue is whether Assessee could be equated with mineral oil concerns and could be allowed depreciation at higher rate i.e. 60%? It may be noted that Assessee here is supplying equipment on hire to other mineral oil concerns. 3. Court is informed that this issue has already been decided against Revenue by this Court in Commissioner of Income Tax v. HLS India Limited (now HLS Asia Limited) 2011 355 ITR 292 (Del). said decision was affirmed by Supreme Court by dismissal of Revenue s SLP (C) 2723/2012 by order dated 6th February, 2012. 4. No substantial question arises. appeal is dismissed. S. MURALIDHAR, J. TALWANT SINGH, J. AUGUST 05, 2019 mr Pr. Commissioner of Income-tax-7, Delhi v. Quippo Oil & Gas Infra Ltd