https://www.taxtmi.com/caselaws?id=16809 For depreciation under the Income-tax Rules, motor buses carrying passengers on regular permitted routes can qualify as vehicles used in a business of running them on hire and attract the higher rate of depreciation. The decisive factor is the manner of use of the buses in the assessee's business, not whether fare is paid by each passenger individually or whether travel is by an individual, group, or institution. Where the buses are operated to carry passengers for hire on approved routes, that use is treated as running them on hire and the 40% rate applies. en-us Wed, 11 Sep 1996 00:00:00 +0530 Sat, 12 Sep 2009 13:14:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16809 For depreciation under the Income-tax Rules, motor buses carrying passengers on regular permitted routes can qualify as vehicles used in a business of running them on hire and attract the higher rate of depreciation. The decisive factor is the manner of use of the buses in the assessee's business, not whether fare is paid by each passenger individually or whether travel is by an individual, group, or institution. Where the buses are operated to carry passengers for hire on approved routes, that use is treated as running them on hire and the 40% rate applies. Case-Laws Income Tax Wed, 11 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16809