https://www.taxtmi.com/caselaws?id=77563 The High Court upheld the appellate authorities' modifications to the estimation of income under various heads, finding no substantial legal question. In addressing the claim for a higher rate of depreciation on tipper trucks and JCB equipment, the court ruled that the vehicles, primarily used for the assessee's business and occasionally let out, did not qualify for the higher depreciation rate applicable to vehicles primarily let out on hire. Consequently, the court dismissed the appeal, affirming depreciation at the normal rate based on predominant use for the assessee's business. en-us Mon, 11 Jan 2010 00:00:00 +0530 Fri, 24 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77563 The High Court upheld the appellate authorities' modifications to the estimation of income under various heads, finding no substantial legal question. In addressing the claim for a higher rate of depreciation on tipper trucks and JCB equipment, the court ruled that the vehicles, primarily used for the assessee's business and occasionally let out, did not qualify for the higher depreciation rate applicable to vehicles primarily let out on hire. Consequently, the court dismissed the appeal, affirming depreciation at the normal rate based on predominant use for the assessee's business. Case-Laws Income Tax Mon, 11 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77563