The assessee, an individual sole proprietor, claimed...

The assessee, an individual sole proprietor, claimed depreciation on a car registered in her husband's name but funded by her business. While the assessee may be treated as the owner satisfying the first condition u/s 32, she failed to provide evidence like logbooks or travel details to prove the car was used for business purposes as required by the second condition. Despite being allowed to claim motor car expenses u/s 37, depreciation u/s 32 was denied as the assessee could not substantiate the business usage of the car. The Income Tax Appellate Tribunal ruled against the assessee's claim for depreciation.

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