https://www.taxtmi.com/caselaws?id=212931 Tippers, vibrators and vibrator soil compactors used in road construction were treated as commercial vehicles for depreciation purposes under the Income-tax Act. The depreciation provision, read with its statutory explanation, did not expressly exclude these assets, and their registration as motor vehicles together with their functional use supported classification as commercial vehicles rather than plant and machinery. Prior decisions on similar equipment reinforced that treatment. On that basis, depreciation at 40% was available, and the contrary revenue objection was rejected. en-us Tue, 21 Feb 2012 00:00:00 +0530 Tue, 24 Nov 2015 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212931 Tippers, vibrators and vibrator soil compactors used in road construction were treated as commercial vehicles for depreciation purposes under the Income-tax Act. The depreciation provision, read with its statutory explanation, did not expressly exclude these assets, and their registration as motor vehicles together with their functional use supported classification as commercial vehicles rather than plant and machinery. Prior decisions on similar equipment reinforced that treatment. On that basis, depreciation at 40% was available, and the contrary revenue objection was rejected. Case-Laws Income Tax Tue, 21 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212931