https://www.taxtmi.com/forum/issue?id=109879 Earth-moving machinery such as JCBs used in industrial operations are to be treated as Plant and Machinery (assets) rather than as motor vehicles, so depreciation and accounting treatment follow asset classification; functional use for lifting within a plant does not alter this identity, and statutory guidance (Motor Vehicles Act exclusions, non-registration as heavy motor vehicles) and tax practice distinguish earth-moving machinery from motor vehicles. en-us Mon, 15 Feb 2016 10:44:50 +0530 Thu, 23 Jan 2025 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109879 Earth-moving machinery such as JCBs used in industrial operations are to be treated as Plant and Machinery (assets) rather than as motor vehicles, so depreciation and accounting treatment follow asset classification; functional use for lifting within a plant does not alter this identity, and statutory guidance (Motor Vehicles Act exclusions, non-registration as heavy motor vehicles) and tax practice distinguish earth-moving machinery from motor vehicles. Discussion-Forum Companies Law Mon, 15 Feb 2016 10:44:50 +0530 https://www.taxtmi.com/forum/issue?id=109879