Court allows depreciation on leased vehicles for assessment years 1995-96

The High Court of Delhi allowed C. M. P. No. 215 of 2003 subject to all just exceptions. In I. T. A. No. 492 of 2003, the appeal regarding the allowance of depreciation on leased vehicles for the assessment years 1995-96 was dismissed, citing a previous court decision indirectly confirmed by the Supreme Court.

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The High Court of Delhi allowed C. M. P. No. 215 of 2003 subject to all just exceptions. In I. T. A. No. 492 of 2003, the appeal regarding the allowance of depreciation on leased vehicles for the assessment years 1995-96 was dismissed, citing a previous court decision indirectly confirmed by the Supreme Court.

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