https://www.taxtmi.com/caselaws?id=397655 Higher depreciation under the relevant Income-tax Rules entry was available only if the assets fell within the eligible vehicle category and were actually used in a business of running them on hire. The assessee failed to produce adequate evidence, such as hire agreements, separate disclosure of hire use, bills, or registration details, to show that the 14 impugned vehicles and machineries were exclusively used on hire. The record also showed that several assets were not motor lorries or similar vehicles covered by the higher rate. On these facts, the lower authorities were justified in restricting depreciation to the normal rate and disallowing the excess claim. en-us Tue, 18 Aug 2020 00:00:00 +0530 Tue, 25 Aug 2020 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397655 Higher depreciation under the relevant Income-tax Rules entry was available only if the assets fell within the eligible vehicle category and were actually used in a business of running them on hire. The assessee failed to produce adequate evidence, such as hire agreements, separate disclosure of hire use, bills, or registration details, to show that the 14 impugned vehicles and machineries were exclusively used on hire. The record also showed that several assets were not motor lorries or similar vehicles covered by the higher rate. On these facts, the lower authorities were justified in restricting depreciation to the normal rate and disallowing the excess claim. Case-Laws Income Tax Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397655