https://www.taxtmi.com/caselaws?id=187799 Depreciation on motor vehicles sold under hire-purchase arrangements was allowable at 30% under the applicable depreciation schedule; reducing it to 25% because of an earlier income-tax allowance was unsupported. Sales tax statutorily recoverable from purchasers was not includible in taxable turnover. Although the relevant explanation deemed sales-tax collections part of turnover, it was clarificatory and could not expand the charging concept of turnover. The assessment was modified by restoring the higher depreciation rate and excluding collected sales tax from taxable turnover. en-us Tue, 18 Oct 1983 00:00:00 +0530 Mon, 07 Nov 2016 14:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187799 Depreciation on motor vehicles sold under hire-purchase arrangements was allowable at 30% under the applicable depreciation schedule; reducing it to 25% because of an earlier income-tax allowance was unsupported. Sales tax statutorily recoverable from purchasers was not includible in taxable turnover. Although the relevant explanation deemed sales-tax collections part of turnover, it was clarificatory and could not expand the charging concept of turnover. The assessment was modified by restoring the higher depreciation rate and excluding collected sales tax from taxable turnover. Case-Laws VAT and Sales Tax Tue, 18 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187799