https://www.taxtmi.com/caselaws?id=209012 JCB earth movers registered as hydraulic excavators and earth moving machinery were held not to be motor lorries for depreciation purposes. The Tribunal found that their principal function is excavation, not carriage of goods on roads, and that transport-law definitions of motor vehicle do not control the depreciation scheme under the Income-tax Act. Accordingly, the higher depreciation claim at 30% was rejected and depreciation at 15% as plant and machinery was upheld. en-us Thu, 23 Dec 2010 00:00:00 +0530 Thu, 01 Aug 2013 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209012 JCB earth movers registered as hydraulic excavators and earth moving machinery were held not to be motor lorries for depreciation purposes. The Tribunal found that their principal function is excavation, not carriage of goods on roads, and that transport-law definitions of motor vehicle do not control the depreciation scheme under the Income-tax Act. Accordingly, the higher depreciation claim at 30% was rejected and depreciation at 15% as plant and machinery was upheld. Case-Laws Income Tax Thu, 23 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209012