https://www.taxtmi.com/caselaws?id=256673 The court upheld the validity of Exhibit P10 notification, which provided for accelerated depreciation for new commercial vehicles purchased within a specified period to stimulate the economy during a recession. The court found the classification rational and not violative of the concept of depreciation or Article 14 of the Constitution of India. The introduction of enhanced depreciation mid-year was deemed valid as it aimed at economic recovery. Consequently, the petitioner's challenge was dismissed. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 19 Feb 2015 09:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256673 The court upheld the validity of Exhibit P10 notification, which provided for accelerated depreciation for new commercial vehicles purchased within a specified period to stimulate the economy during a recession. The court found the classification rational and not violative of the concept of depreciation or Article 14 of the Constitution of India. The introduction of enhanced depreciation mid-year was deemed valid as it aimed at economic recovery. Consequently, the petitioner's challenge was dismissed. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256673