https://www.taxtmi.com/caselaws?id=177569 The Tribunal partly allowed the appeal, remanding the issue of discount expenses for further verification while overturning the disallowance of car depreciation. The Tribunal directed the deletion of the disallowance of car depreciation, citing that non-registration under the Motor Vehicles Act does not preclude depreciation claims if the vehicle is owned and used by the company. en-us Fri, 15 Feb 2013 00:00:00 +0530 Tue, 12 Jan 2016 18:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177569 The Tribunal partly allowed the appeal, remanding the issue of discount expenses for further verification while overturning the disallowance of car depreciation. The Tribunal directed the deletion of the disallowance of car depreciation, citing that non-registration under the Motor Vehicles Act does not preclude depreciation claims if the vehicle is owned and used by the company. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177569