https://www.taxtmi.com/highlights?id=23907 Depreciation allowance at the rate of 30% for the vehicles given on hire denied - It was engaged in the business of hiring trucks and those trucks cannot be treated as 'motor vehicles other than those used in the business of running them on hire' so as to limit the depreciation allowance to 15%. - HC en-us Fri, 24 Jul 2015 17:10:59 +0530 Fri, 24 Jul 2015 17:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23907 Depreciation allowance at the rate of 30% for the vehicles given on hire denied - It was engaged in the business of hiring trucks and those trucks cannot be treated as 'motor vehicles other than those used in the business of running them on hire' so as to limit the depreciation allowance to 15%. - HC Highlights Income Tax Fri, 24 Jul 2015 17:10:59 +0530 https://www.taxtmi.com/highlights?id=23907