TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Assessee's Car Purchase for Spare Parts Allowed as Revenue Expenditure</h1> The ITAT Cochin allowed the assessee's claim for deduction of the entire purchase value of a car as revenue expenditure, as the car was purchased only for ... - The assessee claimed deduction of entire purchase value of car KLA 6906 as expenditure. ITAT Cochin allowed the claim as revenue expenditure since car was purchased only for spare parts. ITO directed to allow deduction of Rs. 5000 instead of depreciation. Appeal allowed.
TaxTMI 
TaxTMI 
