https://www.taxtmi.com/caselaws?id=70736 The Tribunal upheld the disallowance of part depreciation on a car and jeep for personal use by trust members, citing section 38(2) of the Income-tax Act, 1961. Despite the appellant's reliance on a Madras High Court decision, the Tribunal found it inapplicable due to differing factual circumstances. Emphasizing the assets' non-business use, the Tribunal supported the Commissioner (Appeals) decision, dismissing the appeal and affirming the partial disallowance of depreciation. en-us Thu, 21 Feb 1985 00:00:00 +0530 Mon, 18 Apr 2011 18:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70736 The Tribunal upheld the disallowance of part depreciation on a car and jeep for personal use by trust members, citing section 38(2) of the Income-tax Act, 1961. Despite the appellant's reliance on a Madras High Court decision, the Tribunal found it inapplicable due to differing factual circumstances. Emphasizing the assets' non-business use, the Tribunal supported the Commissioner (Appeals) decision, dismissing the appeal and affirming the partial disallowance of depreciation. Case-Laws Income Tax Thu, 21 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70736