https://www.taxtmi.com/highlights?id=31593 The assessee under consideration has one truck only and the same was being used for purpose of business, hence depreciation should be allowed to the assessee - since the truck are not used for renting, provisions of presumptive income U/s 44AE not applicable - AT en-us Thu, 06 Oct 2016 12:29:00 +0530 Thu, 06 Oct 2016 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31593 The assessee under consideration has one truck only and the same was being used for purpose of business, hence depreciation should be allowed to the assessee - since the truck are not used for renting, provisions of presumptive income U/s 44AE not applicable - AT Highlights Income Tax Thu, 06 Oct 2016 12:29:00 +0530 https://www.taxtmi.com/highlights?id=31593