The vehicle in respect of which assessee seeks to claim...
Assessee Claims 50% Depreciation Rate on 'Light Motor Vehicle' for Tax Benefits Under Applicable Regulations.
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Income TaxJanuary 17, 2015Case LawsAT
The vehicle in respect of which assessee seeks to claim depreciation @ 50% is a ‘light motor vehicle’ and therefore the claim for enhanced rate of depreciation is on a sound footing - AT
The vehicle in respect of which assessee seeks to claim depreciation @ 50% is a ‘light motor vehicle’ and therefore the claim for enhanced rate of depreciation is on a sound footing - AT
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