Security vans essential for business not eligible for higher depreciation

The Bombay High Court dismissed the appeals regarding higher depreciation for security vans used in business activities, as they were found to be essential assets for the assessee. The Court held that no substantial question of law arose in the case.

---

---

The Bombay High Court dismissed the appeals regarding higher depreciation for security vans used in transportation of cash and valuables, as the Tribunal found that the vans were used in the assessee's business activities. No substantial question of law arose in the case.

---