https://www.taxtmi.com/article/detailed?id=348 Extension of the eligibility period substituted the earlier cut off with 1 October 2009 to allow higher depreciation on commercial vehicles acquired on or after 1 January 2009 and put to use before 1 October 2009; the amendment alters the relevant Appendix I entry, affects the assessment year in which the enhanced rate is claimable, tightens the importance of proving put to use before the cut off, and creates block classification consequences that may give rise to short term capital gains where sold assets and new acquisitions fall in different blocks. en-us Sat, 25 Apr 2009 00:00:00 +0530 Sat, 25 Apr 2009 17:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=348 Extension of the eligibility period substituted the earlier cut off with 1 October 2009 to allow higher depreciation on commercial vehicles acquired on or after 1 January 2009 and put to use before 1 October 2009; the amendment alters the relevant Appendix I entry, affects the assessment year in which the enhanced rate is claimable, tightens the importance of proving put to use before the cut off, and creates block classification consequences that may give rise to short term capital gains where sold assets and new acquisitions fall in different blocks. Articles Income Tax Sat, 25 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=348