https://www.taxtmi.com/caselaws?id=75687 The court upheld the Income-tax Appellate Tribunal's decision, ruling that the wife, as the beneficial owner of buses, was entitled to claim depreciation under section 32 of the Income-tax Act, 1961, despite not being the registered owner. The court interpreted "owner" to include those entitled to income from the property, supporting the wife's claim through evidence of beneficial ownership. The appeals by the Revenue were dismissed, affirming the Tribunal's order as the wife met the requirements for claiming depreciation. en-us Mon, 23 Nov 2009 00:00:00 +0530 Thu, 06 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75687 The court upheld the Income-tax Appellate Tribunal's decision, ruling that the wife, as the beneficial owner of buses, was entitled to claim depreciation under section 32 of the Income-tax Act, 1961, despite not being the registered owner. The court interpreted "owner" to include those entitled to income from the property, supporting the wife's claim through evidence of beneficial ownership. The appeals by the Revenue were dismissed, affirming the Tribunal's order as the wife met the requirements for claiming depreciation. Case-Laws Income Tax Mon, 23 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75687