https://www.taxtmi.com/caselaws?id=412883 The High Court upheld the Tribunal's decision in favor of the assessee, allowing higher depreciation rates for vehicles used in business activities involving vehicle hire. The Court emphasized consistency in judicial decisions and respected past precedents, ultimately dismissing the appeal and ruling in favor of the assessee based on the interpretation of relevant provisions of the Income Tax Act and principles of res judicata. en-us Wed, 25 Aug 2021 00:00:00 +0530 Wed, 29 Sep 2021 11:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412883 The High Court upheld the Tribunal's decision in favor of the assessee, allowing higher depreciation rates for vehicles used in business activities involving vehicle hire. The Court emphasized consistency in judicial decisions and respected past precedents, ultimately dismissing the appeal and ruling in favor of the assessee based on the interpretation of relevant provisions of the Income Tax Act and principles of res judicata. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412883