https://www.taxtmi.com/caselaws?id=22565 The High Court of Rajasthan ruled in a case involving the determination of the depreciation rate on trucks used in business. The Court held that since the trucks were primarily used for the assessee's mining business and not for hiring purposes, they were entitled to depreciation at 30% under a specific entry in the Income-tax Rules. The judgment favored the Revenue, concluding that the assessee's case fell under the mentioned entry and not the one claiming a higher depreciation rate. The decision was returned to the Tribunal without costs imposed. en-us Thu, 22 Nov 1990 00:00:00 +0530 Fri, 11 Dec 2009 11:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22565 The High Court of Rajasthan ruled in a case involving the determination of the depreciation rate on trucks used in business. The Court held that since the trucks were primarily used for the assessee's mining business and not for hiring purposes, they were entitled to depreciation at 30% under a specific entry in the Income-tax Rules. The judgment favored the Revenue, concluding that the assessee's case fell under the mentioned entry and not the one claiming a higher depreciation rate. The decision was returned to the Tribunal without costs imposed. Case-Laws Income Tax Thu, 22 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22565