https://www.taxtmi.com/caselaws?id=67886 Motor lorries registered as public carriers and actually let out to third parties qualified for the higher depreciation rate for vehicles used in the business of running them on hire, even though they were also used for the assessee's own transport needs; the special rate of 40% applied to the trucks. Where one-third of a car's running had been disallowed for non-business use, depreciation was required to be reduced on the same proportionate basis under section 38(2). Dumpers used only in the mining business, and not for hire, did not qualify for the higher rate, so restriction of depreciation to 30% remained. en-us Mon, 19 Nov 1984 00:00:00 +0530 Tue, 15 Mar 2011 11:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67886 Motor lorries registered as public carriers and actually let out to third parties qualified for the higher depreciation rate for vehicles used in the business of running them on hire, even though they were also used for the assessee's own transport needs; the special rate of 40% applied to the trucks. Where one-third of a car's running had been disallowed for non-business use, depreciation was required to be reduced on the same proportionate basis under section 38(2). Dumpers used only in the mining business, and not for hire, did not qualify for the higher rate, so restriction of depreciation to 30% remained. Case-Laws Income Tax Mon, 19 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67886