https://www.taxtmi.com/caselaws?id=69718 Three-wheeled motorised goods carriers were treated as "motor lorries" for depreciation purposes because the relevant classification turned on their commercial and functional use, not on the number of wheels. The depreciation schedule in Appendix I, Part I, Item III-D(9) of the Income-tax Rules grants 30 per cent depreciation to motor buses, motor lorries, motor taxis and tractors, and the ordinary meaning of lorry or truck was applied to vehicles used for transporting goods. As the vehicles were admittedly used for carrying goods, they were excluded from the lower-rate category for motor cars, motor cycles, scooters or mopeds and allowed depreciation at 30 per cent. en-us Thu, 21 Sep 1978 00:00:00 +0530 Mon, 11 Apr 2011 17:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69718 Three-wheeled motorised goods carriers were treated as "motor lorries" for depreciation purposes because the relevant classification turned on their commercial and functional use, not on the number of wheels. The depreciation schedule in Appendix I, Part I, Item III-D(9) of the Income-tax Rules grants 30 per cent depreciation to motor buses, motor lorries, motor taxis and tractors, and the ordinary meaning of lorry or truck was applied to vehicles used for transporting goods. As the vehicles were admittedly used for carrying goods, they were excluded from the lower-rate category for motor cars, motor cycles, scooters or mopeds and allowed depreciation at 30 per cent. Case-Laws Income Tax Thu, 21 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69718