https://www.taxtmi.com/caselaws?id=60647 The Appellate Tribunal admitted the appeal challenging the CIT(A)'s order for the assessment year 1990-91 after condoning the filing delay. The dispute centered on the claim of depreciation on trucks and trailers used by the assessee for transporting vehicles. The Tribunal upheld the allowance of higher depreciation rates on the vehicles, considering their use for public transport. A dissenting opinion was overruled, leading to the dismissal of the departmental appeal. The decision emphasized the vehicles' consistent utilization for public hire and aligned with previous assessment years' treatment. en-us Fri, 10 Nov 2000 00:00:00 +0530 Fri, 12 Jul 2019 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60647 The Appellate Tribunal admitted the appeal challenging the CIT(A)'s order for the assessment year 1990-91 after condoning the filing delay. The dispute centered on the claim of depreciation on trucks and trailers used by the assessee for transporting vehicles. The Tribunal upheld the allowance of higher depreciation rates on the vehicles, considering their use for public transport. A dissenting opinion was overruled, leading to the dismissal of the departmental appeal. The decision emphasized the vehicles' consistent utilization for public hire and aligned with previous assessment years' treatment. Case-Laws Income Tax Fri, 10 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60647