https://www.taxtmi.com/caselaws?id=151715 The Tribunal allowed the appellant's claim for depreciation on motor vehicles used for the firm's business by partners, despite partial disallowance for personal use. Citing relevant case law, including decisions from the Madras High Court, the Tribunal held that depreciation could be claimed by partners against their share income, remuneration, and interest. Four-fifths of the depreciation claim was allowed, with one-fifth considered personal use. As a result, the appeals were partly allowed based on the Tribunal's findings. en-us Wed, 19 Jul 2006 00:00:00 +0530 Thu, 13 Jun 2013 15:02:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151715 The Tribunal allowed the appellant's claim for depreciation on motor vehicles used for the firm's business by partners, despite partial disallowance for personal use. Citing relevant case law, including decisions from the Madras High Court, the Tribunal held that depreciation could be claimed by partners against their share income, remuneration, and interest. Four-fifths of the depreciation claim was allowed, with one-fifth considered personal use. As a result, the appeals were partly allowed based on the Tribunal's findings. Case-Laws Income Tax Wed, 19 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151715