https://www.taxtmi.com/highlights?id=51221 Depreciation claim on its commercial vehicle - The tippers used by the assessee in its business are registered under the Motor Vehicles Act, 1988. They met the functional test as the basis for grant of 30% depreciation, and also on the ground that the higher depreciation is on account of rigorous and hard use of commercial vehicles, in comparison to the stationery and permanently installed machinery. en-us Tue, 14 Jan 2020 08:34:08 +0530 Tue, 14 Jan 2020 08:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51221 Depreciation claim on its commercial vehicle - The tippers used by the assessee in its business are registered under the Motor Vehicles Act, 1988. They met the functional test as the basis for grant of 30% depreciation, and also on the ground that the higher depreciation is on account of rigorous and hard use of commercial vehicles, in comparison to the stationery and permanently installed machinery. Highlights Income Tax Tue, 14 Jan 2020 08:34:08 +0530 https://www.taxtmi.com/highlights?id=51221