https://www.taxtmi.com/caselaws?id=18442 Rigs and compressors mounted on lorries for drilling borewells do not fall within the expression "motor lorries" in the depreciation entry under the Income-tax Rules. The special 50 per cent depreciation rate applies only to articles that answer that description in common parlance and form an integral part of the vehicle. Equipment mounted on a lorry merely for transport convenience does not become a motor lorry, and an earlier binding decision on identical facts reached the same result. Accordingly, the higher depreciation rate is unavailable for such rigs and compressors. en-us Thu, 07 Sep 1995 00:00:00 +0530 Thu, 01 Oct 2009 10:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18442 Rigs and compressors mounted on lorries for drilling borewells do not fall within the expression "motor lorries" in the depreciation entry under the Income-tax Rules. The special 50 per cent depreciation rate applies only to articles that answer that description in common parlance and form an integral part of the vehicle. Equipment mounted on a lorry merely for transport convenience does not become a motor lorry, and an earlier binding decision on identical facts reached the same result. Accordingly, the higher depreciation rate is unavailable for such rigs and compressors. Case-Laws Income Tax Thu, 07 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18442