https://www.taxtmi.com/caselaws?id=350567 The Tribunal allowed the appeal, overturning the disallowance of depreciation claimed by the company on a motor car registered in the director's name. Despite registration details, the Tribunal deemed the company as the de facto owner due to financial involvement and business use, allowing the depreciation claim of Rs. 2,55,051 and deleting the disallowance. en-us Mon, 25 Sep 2017 00:00:00 +0530 Wed, 29 Nov 2017 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350567 The Tribunal allowed the appeal, overturning the disallowance of depreciation claimed by the company on a motor car registered in the director's name. Despite registration details, the Tribunal deemed the company as the de facto owner due to financial involvement and business use, allowing the depreciation claim of Rs. 2,55,051 and deleting the disallowance. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350567