https://www.taxtmi.com/caselaws?id=802048 Higher depreciation under section 32(1) and Appendix I applies to motor lorries used in the business of running them on hire. Dumpers and tippers deployed to excavate, load, transport and dump minerals and overburden under integrated composite mining contracts satisfy that condition where the materials belong to mine owners and transportation is performed under contractual obligations. CBDT circulars distinguish a business of transporting goods on hire from a non-hiring business, and the treatment does not extend to merely occasional hiring or vehicles used only ancillary to another principal business. Such dumpers and tippers qualify for depreciation at 30%. en-us Mon, 12 Oct 2026 00:00:00 +0530 Fri, 30 Oct 2026 08:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802048 Higher depreciation under section 32(1) and Appendix I applies to motor lorries used in the business of running them on hire. Dumpers and tippers deployed to excavate, load, transport and dump minerals and overburden under integrated composite mining contracts satisfy that condition where the materials belong to mine owners and transportation is performed under contractual obligations. CBDT circulars distinguish a business of transporting goods on hire from a non-hiring business, and the treatment does not extend to merely occasional hiring or vehicles used only ancillary to another principal business. Such dumpers and tippers qualify for depreciation at 30%. Case-Laws Income Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802048