https://www.taxtmi.com/caselaws?id=170323 A reach stacker registered as a non-transport mobile crane may qualify for higher depreciation at 40% when its functional use is as a heavy goods vehicle for cargo handling on hire, rather than as ordinary plant and machinery. The analysis turns on the vehicle's nature, utility, registration status and the statutory meaning of heavy goods vehicle under the Motor Vehicles Act, 1988. On that basis, a special-purpose industrial vehicle used on hire can fall within the depreciation entry for motor lorries in Appendix I read with rule 5(1A) of the Income-tax Rules, 1962, making the 25% rate inapplicable. en-us Thu, 11 Jul 2013 00:00:00 +0530 Fri, 17 Apr 2015 10:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170323 A reach stacker registered as a non-transport mobile crane may qualify for higher depreciation at 40% when its functional use is as a heavy goods vehicle for cargo handling on hire, rather than as ordinary plant and machinery. The analysis turns on the vehicle's nature, utility, registration status and the statutory meaning of heavy goods vehicle under the Motor Vehicles Act, 1988. On that basis, a special-purpose industrial vehicle used on hire can fall within the depreciation entry for motor lorries in Appendix I read with rule 5(1A) of the Income-tax Rules, 1962, making the 25% rate inapplicable. Case-Laws Income Tax Thu, 11 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170323