Higher Depreciation Rate Denied: Vehicle Operation Charges Don't Qualify for Business of Hiring Vehicles, Affects Tax Depreciation.

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....Higher rate of Deprecation on vehicles - the assessee that the assessee is eligible for higher rate of depreciation at the rate of 30%. Merely because the invoices raised by the assessee include, inter alia, charges for running of vehicles, does not mean that the assessee is in the business of running the vehicles on hire.....