Depreciation allowance: higher rate now applies to motor vans used for tourist transport under income tax rules. Allowance of depreciation for motor vehicles owned and used by tour operators and travel agents for hire to tourists includes motor vans within the scope of the higher rate of depreciation under sub-item (2)(ii) of item III of Appendix I to the Income-tax Rules, 1962. A subsequent notification altered the applicable higher rate from the figure quoted in the earlier circular, and the earlier reference should be read as the revised rate set by that notification.