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2013 (8) TMI 968 - ITAT COCHINHigher rate of depreciation on the vehicles used for transporting assessee’s own goods - Held that:- The assessee is not engaged in the business of running the vehicles on hire. The facts prevailing in the decision rendered in the case of Kailash Chand Bagaria Vs. CIT and Another (2001 (4) TMI 80 - MADHYA PRADESH High Court ) wherein held held that the dominant purpose for which the assessee used the trucks has been found to be for his own business and hence the assessee is not entitled to higher rate of depreciation, is identical to the facts prevailing in the instant case. Hence, we do not find any infirmity in the decision rendered by the Ld. CIT(A) in holding that the assessee is not entitled for a higher rate of depreciation on the vehicles used in his own business. - Decided against assessee
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