https://www.taxtmi.com/caselaws?id=330085 The appeal was allowed by the Tribunal, ruling in favor of the appellant on both issues. The Tribunal emphasized that ownership extends beyond registration for depreciation claims, considering factors like possession, dominion, and control. It also highlighted the importance of specific evidence when disallowing business expenses, leading to the deletion of an ad hoc disallowance of trip expenses. en-us Thu, 31 Mar 2016 00:00:00 +0530 Mon, 18 Jul 2016 11:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330085 The appeal was allowed by the Tribunal, ruling in favor of the appellant on both issues. The Tribunal emphasized that ownership extends beyond registration for depreciation claims, considering factors like possession, dominion, and control. It also highlighted the importance of specific evidence when disallowing business expenses, leading to the deletion of an ad hoc disallowance of trip expenses. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330085