https://www.taxtmi.com/highlights?id=24628 Exemption u/s 11 - if a car is purchased in the exclusive name of a trustee, who has complete control over the car and had no personal car of his own, in the absence of any resolution passed by the trust in writing, it has to be assumed that it was made available for use of the trustee irrespective of whether it was actually used or not. - AT en-us Wed, 09 Sep 2015 10:13:33 +0530 Wed, 09 Sep 2015 10:13:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24628 Exemption u/s 11 - if a car is purchased in the exclusive name of a trustee, who has complete control over the car and had no personal car of his own, in the absence of any resolution passed by the trust in writing, it has to be assumed that it was made available for use of the trustee irrespective of whether it was actually used or not. - AT Highlights Income Tax Wed, 09 Sep 2015 10:13:33 +0530 https://www.taxtmi.com/highlights?id=24628