https://www.taxtmi.com/highlights?id=72539 Additions / Higher rate of depreciation @30% on heavy vehicle (Hyva and Tipper) - Main condition for availing of additional depreciation as carved out in the Act is that the motor buses/motor lorries and motor taxis are to be used in a business of running them on hire could not be satisfied by the assessee by way of any supporting documents like any hire charges - Denial of claim by invoking revision u/s 263 sustained - AT en-us Fri, 13 Oct 2023 13:02:04 +0530 Fri, 13 Oct 2023 13:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72539 Additions / Higher rate of depreciation @30% on heavy vehicle (Hyva and Tipper) - Main condition for availing of additional depreciation as carved out in the Act is that the motor buses/motor lorries and motor taxis are to be used in a business of running them on hire could not be satisfied by the assessee by way of any supporting documents like any hire charges - Denial of claim by invoking revision u/s 263 sustained - AT Highlights Income Tax Fri, 13 Oct 2023 13:02:04 +0530 https://www.taxtmi.com/highlights?id=72539