https://www.taxtmi.com/forum/issue?id=2357 Where a taxpayer's residence and business are co-located, the mere fact of co-location does not justify total disallowance of car expenses; business use is a question of fact. One car's business use is normally supportable and a second car requires specific evidence. Absent log books or contemporaneous records, the assessing officer may make a reasonable disallowance for personal use. For depreciation, the block of assets principle applies: if the block is used for business, depreciation is allowable even if an individual asset within the block was not separately used. en-us Sat, 13 Nov 2010 18:43:42 +0530 Thu, 23 Jan 2025 15:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2357 Where a taxpayer's residence and business are co-located, the mere fact of co-location does not justify total disallowance of car expenses; business use is a question of fact. One car's business use is normally supportable and a second car requires specific evidence. Absent log books or contemporaneous records, the assessing officer may make a reasonable disallowance for personal use. For depreciation, the block of assets principle applies: if the block is used for business, depreciation is allowable even if an individual asset within the block was not separately used. Discussion-Forum Income Tax Sat, 13 Nov 2010 18:43:42 +0530 https://www.taxtmi.com/forum/issue?id=2357