https://www.taxtmi.com/caselaws?id=337873 The ITAT Delhi ruled in favor of the assessee, allowing the depreciation claim on the car by establishing ownership through compliance with the Motor Vehicle Act. The tribunal partially allowed the appeal on the ad hoc disallowance of expenses, directing re-examination by the Assessing Officer to ensure business-related expenditures were proven and limiting disallowances to 10% or lower. The decision emphasized substantiating expenses and complying with statutory ownership transfer requirements. en-us Fri, 06 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 08:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337873 The ITAT Delhi ruled in favor of the assessee, allowing the depreciation claim on the car by establishing ownership through compliance with the Motor Vehicle Act. The tribunal partially allowed the appeal on the ad hoc disallowance of expenses, directing re-examination by the Assessing Officer to ensure business-related expenditures were proven and limiting disallowances to 10% or lower. The decision emphasized substantiating expenses and complying with statutory ownership transfer requirements. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337873