https://www.taxtmi.com/caselaws?id=334340 The Tribunal allowed the appeal, directing the AO to fully allow motor car expenses, car insurance, interest paid on the car loan, and depreciation on the motor cars. The Tribunal emphasized the importance of proper reasoning and evidence in making disallowances and recognized the company's de-facto ownership and business use of the motor cars. en-us Wed, 21 Sep 2016 00:00:00 +0530 Thu, 10 Nov 2016 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334340 The Tribunal allowed the appeal, directing the AO to fully allow motor car expenses, car insurance, interest paid on the car loan, and depreciation on the motor cars. The Tribunal emphasized the importance of proper reasoning and evidence in making disallowances and recognized the company's de-facto ownership and business use of the motor cars. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334340