https://www.taxtmi.com/caselaws?id=3953 Higher depreciation for motor lorries applies only if the vehicles are actually used in the business of running them on hire, not merely because transportation income is shown in business accounts. The Court found that the earlier authorities had not applied this statutory test to the facts, so the issue required fresh consideration on actual business use. The matter was remitted for de novo examination, and no final finding was recorded on the assessee's entitlement to the higher rate of depreciation; the High Court's decision was set aside and the claim left open for reconsideration. en-us Tue, 06 May 2008 00:00:00 +0530 Sat, 17 Sep 2011 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3953 Higher depreciation for motor lorries applies only if the vehicles are actually used in the business of running them on hire, not merely because transportation income is shown in business accounts. The Court found that the earlier authorities had not applied this statutory test to the facts, so the issue required fresh consideration on actual business use. The matter was remitted for de novo examination, and no final finding was recorded on the assessee's entitlement to the higher rate of depreciation; the High Court's decision was set aside and the claim left open for reconsideration. Case-Laws Income Tax Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3953