https://www.taxtmi.com/caselaws?id=12630 Depreciation under s.32 on vehicles registered in a partner's name was held allowable to the firm where, on Tribunal findings, the firm had dominion, use, and beneficial ownership for business purposes; applying SC in Mysore Minerals, "ownership" is satisfied by vested control and entitlement to use, so no referable question of law arose and reference was declined. On the Revenue's plea that the firm was benami and assessment should be protective, the Tribunal's finding that the assessee-firm was genuine was treated as a pure finding of fact, not shown to be perverse or based on no material; hence no question of law arose and the application seeking reference was dismissed. en-us Tue, 13 Feb 2001 00:00:00 +0530 Mon, 05 Jan 2026 22:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12630 Depreciation under s.32 on vehicles registered in a partner's name was held allowable to the firm where, on Tribunal findings, the firm had dominion, use, and beneficial ownership for business purposes; applying SC in Mysore Minerals, "ownership" is satisfied by vested control and entitlement to use, so no referable question of law arose and reference was declined. On the Revenue's plea that the firm was benami and assessment should be protective, the Tribunal's finding that the assessee-firm was genuine was treated as a pure finding of fact, not shown to be perverse or based on no material; hence no question of law arose and the application seeking reference was dismissed. Case-Laws Income Tax Tue, 13 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12630