https://www.taxtmi.com/highlights?id=64760 Revision u/s 263 by CIT - claim of higher depreciation at the rate of 30% on vehicles - Even in the 263 proceedings before Ld. Pr. CIT and in the proceedings before us, the learned counsel for the assessee has not been able to bring anything on record to substantiate that the assessee was primarily engaged in the business of letting out vehicles on hire, so as to be eligible for claim of higher rate of depreciation on vehicles @30%. - AT en-us Sat, 23 Jul 2022 12:37:29 +0530 Sat, 23 Jul 2022 12:37:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64760 Revision u/s 263 by CIT - claim of higher depreciation at the rate of 30% on vehicles - Even in the 263 proceedings before Ld. Pr. CIT and in the proceedings before us, the learned counsel for the assessee has not been able to bring anything on record to substantiate that the assessee was primarily engaged in the business of letting out vehicles on hire, so as to be eligible for claim of higher rate of depreciation on vehicles @30%. - AT Highlights Income Tax Sat, 23 Jul 2022 12:37:29 +0530 https://www.taxtmi.com/highlights?id=64760