The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009 vide notification dated 21st April, 2009 issued by CBDT.
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Enhanced depreciation on commercial vehicles extended; qualifying acquisitions put to use before October eligible for enhanced depreciation benefit. Commercial vehicles acquired on or after 1 January 2009 and put to use before 1 October 2009 qualify for enhanced depreciation; the notification substituted the earlier cut off of 1 April 2009 with 1 October 2009 to extend the period for claiming the enhanced allowance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Enhanced depreciation on commercial vehicles extended; qualifying acquisitions put to use before October eligible for enhanced depreciation benefit.
Commercial vehicles acquired on or after 1 January 2009 and put to use before 1 October 2009 qualify for enhanced depreciation; the notification substituted the earlier cut off of 1 April 2009 with 1 October 2009 to extend the period for claiming the enhanced allowance.
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