https://www.taxtmi.com/caselaws?id=297951 Higher depreciation for motor buses depends on the nature of their use, not merely on whether the owner itself carries on a hiring business. Where buses are leased to a road transport corporation and used in route operation, the actual end use exposes them to the same intensive wear and value erosion as vehicles used on hire. On that basis, leased motor buses used in route operation may fall within the higher depreciation category applicable to motor buses used in a business of running them on hire, and the assessee was entitled to depreciation at 40%. en-us Mon, 17 May 2010 00:00:00 +0530 Fri, 01 Oct 2021 12:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297951 Higher depreciation for motor buses depends on the nature of their use, not merely on whether the owner itself carries on a hiring business. Where buses are leased to a road transport corporation and used in route operation, the actual end use exposes them to the same intensive wear and value erosion as vehicles used on hire. On that basis, leased motor buses used in route operation may fall within the higher depreciation category applicable to motor buses used in a business of running them on hire, and the assessee was entitled to depreciation at 40%. Case-Laws Indian Laws Mon, 17 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297951