https://www.taxtmi.com/caselaws?id=76477 Depreciation on trucks depended on their use: where the vehicles were mainly employed in the assessee's own business of transporting limestone, and not in the business of running them on hire, the higher depreciation rate for hire vehicles was unavailable. Registration as public carriers and occasional hiring receipts did not change the predominant use. The trucks therefore fell under the lower depreciation entry applicable to vehicles used in the assessee's own business, and depreciation was restricted to 30% rather than 40%. en-us Thu, 26 Feb 2009 00:00:00 +0530 Fri, 05 Jul 2013 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76477 Depreciation on trucks depended on their use: where the vehicles were mainly employed in the assessee's own business of transporting limestone, and not in the business of running them on hire, the higher depreciation rate for hire vehicles was unavailable. Registration as public carriers and occasional hiring receipts did not change the predominant use. The trucks therefore fell under the lower depreciation entry applicable to vehicles used in the assessee's own business, and depreciation was restricted to 30% rather than 40%. Case-Laws Income Tax Thu, 26 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76477