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Higher rate of depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2013 Hi all

The assesse is a member in lorry union.He transports goods(belongs to others not his own).He transports goods through trucks owned by him.He ALSO transports goods in RETURN JOURNEY.That means in return also the truck is loaded with goods.On this hire charges were received.Is he eligible to claim higher rate of depreciation @30%.Plz tell me case law which i have to refer.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
19 November 2013 You may refer the judgement of Gauhati High Court.

A.B.C. India Ltd. vs Commissioner Of Income-Tax 1997 226 ITR 914 Gauhati

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