https://www.taxtmi.com/caselaws?id=296028 Crawler cranes and trailers used in the assessee's business were treated as eligible for higher depreciation at 30% as motor vehicles used on hire, rather than as plant and machinery at 15%. The Tribunal relied on its earlier coordinate bench decisions in the assessee's own case, and held that registration under the Motor Vehicles Act was not a for depreciation under the income-tax schedule where the equipment was capable of road use and functionally akin to listed motor vehicles. On that basis, the Revenue's objection was rejected and the assessee's depreciation claim was upheld. en-us Wed, 04 Dec 2019 00:00:00 +0530 Thu, 01 Jul 2021 07:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296028 Crawler cranes and trailers used in the assessee's business were treated as eligible for higher depreciation at 30% as motor vehicles used on hire, rather than as plant and machinery at 15%. The Tribunal relied on its earlier coordinate bench decisions in the assessee's own case, and held that registration under the Motor Vehicles Act was not a for depreciation under the income-tax schedule where the equipment was capable of road use and functionally akin to listed motor vehicles. On that basis, the Revenue's objection was rejected and the assessee's depreciation claim was upheld. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296028