ITAT Jaipur says HGV Classification Determines Presumptive Income under Section 44AE

ITAT Jaipur upheld the application of the higher presumptive income rate under Section 44AE(2)(i) for Tata Signa goods vehicles having a gross vehicle weight of 49 tonnes. The Tribunal held that unladen weight could not be relied upon to avoid HGV classification when the vehicles were neither tractors nor road-rollers. The assessee's appeal was dismissed.