https://www.taxtmi.com/caselaws?id=253841 The court held that the respondent assessee was entitled to the benefit of the proviso added to Section 40(a)(ia) by the Finance Act, 2010, making the disallowance under this section unsustainable. Regarding the rate of depreciation on trucks, the court dismissed the appeal as the motor lorries were found to be used for hire and revenue generation in the business of transportation of goods, aligning with relevant precedents. en-us Mon, 24 Nov 2014 00:00:00 +0530 Fri, 05 Dec 2014 12:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253841 The court held that the respondent assessee was entitled to the benefit of the proviso added to Section 40(a)(ia) by the Finance Act, 2010, making the disallowance under this section unsustainable. Regarding the rate of depreciation on trucks, the court dismissed the appeal as the motor lorries were found to be used for hire and revenue generation in the business of transportation of goods, aligning with relevant precedents. Case-Laws Income Tax Mon, 24 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253841