https://www.taxtmi.com/caselaws?id=334635 Higher depreciation at 30% is available for vehicles used in the business of transporting goods on hire, even where they are not separately hired out to another person. The assessee's pay loaders, dozers and water tankers were deployed under a transport arrangement for loading, transporting and allied work in coal and iron ore operations, which gave the activity an element of hire. CBDT Circular No. 652 was read as extending the Appendix I entry to such use, and prior decisions on dumpers and pay loaders used for transporting others' goods supported that construction. On that basis, the Revenue's objection was rejected and the higher depreciation claim was accepted. en-us Fri, 09 Sep 2016 00:00:00 +0530 Mon, 21 Nov 2016 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334635 Higher depreciation at 30% is available for vehicles used in the business of transporting goods on hire, even where they are not separately hired out to another person. The assessee's pay loaders, dozers and water tankers were deployed under a transport arrangement for loading, transporting and allied work in coal and iron ore operations, which gave the activity an element of hire. CBDT Circular No. 652 was read as extending the Appendix I entry to such use, and prior decisions on dumpers and pay loaders used for transporting others' goods supported that construction. On that basis, the Revenue's objection was rejected and the higher depreciation claim was accepted. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334635