https://www.taxtmi.com/caselaws?id=199164 The tribunal upheld the first appellate order allowing claimed depreciation on a motor car registered in a director's name but purchased with company funds and used for business purposes. The tribunal ruled in favor of the assessee, citing relevant case laws and jurisdictional High Court rulings supporting the depreciation claim for vehicles owned by the company. The appeals were dismissed as the tribunal found no reason to interfere with the first appellate order. en-us Mon, 31 Jan 2011 00:00:00 +0530 Wed, 21 Feb 2018 17:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199164 The tribunal upheld the first appellate order allowing claimed depreciation on a motor car registered in a director's name but purchased with company funds and used for business purposes. The tribunal ruled in favor of the assessee, citing relevant case laws and jurisdictional High Court rulings supporting the depreciation claim for vehicles owned by the company. The appeals were dismissed as the tribunal found no reason to interfere with the first appellate order. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199164