https://www.taxtmi.com/caselaws?id=64035 Depreciation under section 32 is allowable where the asset is owned by the assessee and used for the purposes of his business. On that basis, a partner may claim depreciation on a motor car owned by him if it is used in the business of the partnership firm, because partnership business is carried on through its partners and the user requirement is satisfied for the partner's business computation. The assessee was therefore entitled to depreciation on the motor car. en-us Wed, 14 Apr 1982 00:00:00 +0530 Thu, 03 Feb 2011 13:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64035 Depreciation under section 32 is allowable where the asset is owned by the assessee and used for the purposes of his business. On that basis, a partner may claim depreciation on a motor car owned by him if it is used in the business of the partnership firm, because partnership business is carried on through its partners and the user requirement is satisfied for the partner's business computation. The assessee was therefore entitled to depreciation on the motor car. Case-Laws Income Tax Wed, 14 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64035