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Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

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• Issue-wise legal analysis
• Practical arguments and supporting content
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Tax Authority Challenges Higher Vehicle Depreciation Claim; Lack of Evidence on Vehicle Hiring Business u/s 263.

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....Revision u/s 263 by CIT - claim of higher depreciation at the rate of 30% on vehicles - Even in the 263 proceedings before Ld. Pr. CIT and in the proceedings before us, the learned counsel for the assessee has not been able to bring anything on record to substantiate that the assessee was primarily engaged in the business of letting out vehicles on hire, so as to be eligible for claim of higher rate of depreciation on vehicles @30%. - AT....

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Tax Authority Challenges Higher Vehicle Depreciation Claim; Lack of Evidence on Vehicle Hiring Business u/s 263.