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of <h1>Cranes on Mobile Vehicles Classified for 30% Depreciation Under Income-tax Rules, 1962 Appendix I, Item No. III(ii) D(9).</h1> The board has determined that cranes mounted on mobile transport vehicles, which are used for lifting weights and are equipped with diesel engines, hydraulic brakes, and pneumatic tires, should be classified for tax purposes under item No. III(ii) D(9) of Appendix I of the Income-tax Rules, 1962. This classification entitles them to a depreciation rate of 30% of their cost or written down value. This decision aligns with the classification of Fork-Lift-Trucks, and relevant officers are instructed to apply this rate in their assessments.
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