https://www.taxtmi.com/caselaws?id=235202 The court ruled in favor of the assessee on the issues related to depreciation claims on a tanker mounted on a truck chassis, segregation of truck parts for claiming depreciation, and eligibility for a higher depreciation rate on leased vehicles. The court emphasized that the actual use of the vehicles determines the depreciation rate, supporting the assessee's claims based on previous judgments. The fourth issue regarding the interpretation of actual vehicle use for determining depreciation rate was left unresolved, and no costs were awarded in this case. en-us Thu, 04 Jul 2013 00:00:00 +0530 Fri, 31 Jan 2014 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235202 The court ruled in favor of the assessee on the issues related to depreciation claims on a tanker mounted on a truck chassis, segregation of truck parts for claiming depreciation, and eligibility for a higher depreciation rate on leased vehicles. The court emphasized that the actual use of the vehicles determines the depreciation rate, supporting the assessee's claims based on previous judgments. The fourth issue regarding the interpretation of actual vehicle use for determining depreciation rate was left unresolved, and no costs were awarded in this case. Case-Laws Income Tax Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235202