Court Rules Against Disallowing Depreciation for Director's Car Use u/s 38(2), Citing Lack of Personal Use Evidence.

Court Rules Against Disallowing Depreciation for Director's Car Use u/s 38(2), Citing Lack of Personal Use Evidence. https://www.taxtmi.com/highlights?id=17359 Disallowing any part of the depreciation on account of personal use of the directors, u/s 38(2), does not appear to have been passed upon application of mind, when the director had no opportunity to use the car - HC en-us Thu, 20 Feb 2014 12:40:34 +0530 Thu, 20 Feb 2014 12:40:34 +0530 TaxTMI RSS Generator Court Rules Against Disallowing Depreciation for Director's Car Use u/s 38(2), Citing Lack of Personal Use Evidence. https://www.taxtmi.com/highlights?id=17359 Disallowing any part of the depreciation on account of personal use of the directors, u/s 38(2), does not appear to have been passed upon application of mind, when the director had no opportunity to use the car - HC Highlights Income Tax Thu, 20 Feb 2014 12:40:34 +0530 https://www.taxtmi.com/highlights?id=17359