https://www.taxtmi.com/caselaws?id=191423 Depreciation at 50% was allowable on motor cars treated as new commercial vehicles because the depreciation schedule linked the term "commercial vehicle" to the statutory definition of light motor vehicle, and the cars were purchased within the prescribed period, used for business, and fell within that definition. The condition of use for hire was not part of the relevant rule. An ad hoc disallowance of foreign travelling expenses was unsustainable because the travel was accepted as business-related and the record did not show personal or non-business use. The additions on both grounds were set aside. en-us Fri, 11 May 2012 00:00:00 +0530 Mon, 03 Apr 2017 13:19:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191423 Depreciation at 50% was allowable on motor cars treated as new commercial vehicles because the depreciation schedule linked the term "commercial vehicle" to the statutory definition of light motor vehicle, and the cars were purchased within the prescribed period, used for business, and fell within that definition. The condition of use for hire was not part of the relevant rule. An ad hoc disallowance of foreign travelling expenses was unsustainable because the travel was accepted as business-related and the record did not show personal or non-business use. The additions on both grounds were set aside. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191423