https://www.taxtmi.com/circulars?id=5068 A higher rate of depreciation is admissible on motor buses, motor lorries and motor taxis when used in a business of running them on hire; this benefit applies to vehicles owned and used by the assessee in providing transportation of goods on hire, but not where such vehicles are used in the assessee's non-hiring business activities. en-us Mon, 14 Jun 1993 00:00:00 +0530 Sat, 09 Aug 2008 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5068 A higher rate of depreciation is admissible on motor buses, motor lorries and motor taxis when used in a business of running them on hire; this benefit applies to vehicles owned and used by the assessee in providing transportation of goods on hire, but not where such vehicles are used in the assessee's non-hiring business activities. Circulars Income Tax Mon, 14 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5068