https://www.taxtmi.com/caselaws?id=19146 The court upheld the Tribunal's decision, ruling that the assessee was not engaged in the business of running vehicles on hire, justifying the 30% depreciation rate for the trucks used in the transportation of stones. The court emphasized that the main activity and intention behind hiring should determine if the business of running vehicles on hire was conducted, aligning with the previous court ruling that trucks mainly used for the assessee's business were entitled to 30% depreciation, not 40%. en-us Tue, 07 Feb 1995 00:00:00 +0530 Wed, 04 Nov 2009 12:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19146 The court upheld the Tribunal's decision, ruling that the assessee was not engaged in the business of running vehicles on hire, justifying the 30% depreciation rate for the trucks used in the transportation of stones. The court emphasized that the main activity and intention behind hiring should determine if the business of running vehicles on hire was conducted, aligning with the previous court ruling that trucks mainly used for the assessee's business were entitled to 30% depreciation, not 40%. Case-Laws Income Tax Tue, 07 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19146