1978 (9) TMI 113

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....eciation admissible on the three-wheeler vehicles While the assessee contended that the depreciation was 30 per cent, the authorities below had allowed only 20 per cent. 2. We heard the parties. The claim was in respect of the sum of Rs. 2,71,827 for three wheelers owned by the assessee company. The Revenue has disallowed the claim of the assessee for depreciation at 30 per cent on the ground t....

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....nsporting goods. The number of wheels are not determinative in the classification of the vehicle as a "truck". Since admittedly the motorised three-wheelers in the present case have been used for transporting goods; we have no hesitation in holding that these three-wheelers would fall under the head "motor lorries" and are thus entitled to depreciation at 30 per cent. We would further state that t....