Vehicles let on hire eligible for higher depreciation

DCIT (OSD) Vs Jaihind Projects Ltd. (ITAT Ahmedabad)

It is a settled law that vehicles let on hire are eligible for higher depreciation, but in the instant facts, in our view there are apparent factual contradictions which leads us to conclude that the assessee has not been able to irrefutably establish whether vehicles were let out on hire on regular basis, with details of parties to whom vehicle were given on hire, duration for which vehicles were let out for hire i.e. whether vehicles were being let out on hire on a regular basis throughout the year,

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