Depreciation for motor vans clarified: treat as lorries and buses and allow the corresponding depreciation rate under Income tax Rules.

Clarifies that motor vans are to be treated as akin to motor lorries and motor buses and that depreciation on motor vans may be allowed at the same rate as motor lorries and motor buses, namely 30 per cent., as per item IIID(9) of Appendix I to the Income-tax Rules, 1962.

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