https://www.taxtmi.com/caselaws?id=12428 Depreciation on a motor vehicle was in issue where the vehicle was not registered in the assessee's name. The HC held that, as a vehicle is a movable asset, registration is not a condition precedent to establish legal ownership for purposes of depreciation under the Income-tax Act; beneficial/actual ownership and use in the assessee's business sufficed. Relying on ITAT precedent holding similarly for an unregistered motorcycle, the HC affirmed that depreciation is allowable if the assessee owned the vehicle though registration stood elsewhere. The question was answered against the Revenue and in favour of the assessee. en-us Sat, 18 May 2002 00:00:00 +0530 Tue, 30 Dec 2025 10:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12428 Depreciation on a motor vehicle was in issue where the vehicle was not registered in the assessee's name. The HC held that, as a vehicle is a movable asset, registration is not a condition precedent to establish legal ownership for purposes of depreciation under the Income-tax Act; beneficial/actual ownership and use in the assessee's business sufficed. Relying on ITAT precedent holding similarly for an unregistered motorcycle, the HC affirmed that depreciation is allowable if the assessee owned the vehicle though registration stood elsewhere. The question was answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Sat, 18 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12428