https://www.taxtmi.com/caselaws?id=66657 A leased vehicle given under a private contract to a single hirer was not treated as a motor taxi used in a business of running it on hire because it was not shown to be available for general public hire and lacked taxi registration or other indicia of taxi use. The depreciation entry for motor taxis applies only where the vehicle answers that hire-based use; here, the vehicle fell within the motor car category. Depreciation was therefore allowable at 20% and not at 40%. en-us Mon, 13 Jun 1988 00:00:00 +0530 Sat, 05 Mar 2011 14:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66657 A leased vehicle given under a private contract to a single hirer was not treated as a motor taxi used in a business of running it on hire because it was not shown to be available for general public hire and lacked taxi registration or other indicia of taxi use. The depreciation entry for motor taxis applies only where the vehicle answers that hire-based use; here, the vehicle fell within the motor car category. Depreciation was therefore allowable at 20% and not at 40%. Case-Laws Income Tax Mon, 13 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66657