Case Law Details
Case Name : Commissioner of Income Tax Vs Rakesh Jain, (Punjab and Hariyana High Court at Chandigarh)
Related Assessment Year :
Courts :
All High Courts Punjab and Haryana HC
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Tippers, vibrator & vibrator soil compactor are ‘commercial vehicle’ eligible for 40% depreciation
Perusal of Section 32 of the Act would show that it deals with the depreciation of building, machinery, plant or furniture being tangible assets. It also deals with the expression ‘commercial vehicle’ in unnumbered proviso 3, which is acquired by the assessee on or after the 1st day of October, 1998 but before the 1st day of April 1999. According to explanation, the commercial vehicle is to include heavy goods vehicle, heavy passenger motor vehicle, light motor...
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Sir , I need a evidence related that driving licence is not required for road roller