https://www.taxtmi.com/caselaws?id=13088 The court upheld the decision to disallow the depreciation claim on a truck purchase, emphasizing that a transaction lacking genuine substance does not permit tax benefits. The appeal challenging the disallowance was dismissed, with the court finding no error in the authorities' decision. The issue of appeal maintainability was not pursued further following the dismissal of the appeal on its merits. en-us Wed, 25 Jul 2001 00:00:00 +0530 Tue, 26 May 2009 13:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13088 The court upheld the decision to disallow the depreciation claim on a truck purchase, emphasizing that a transaction lacking genuine substance does not permit tax benefits. The appeal challenging the disallowance was dismissed, with the court finding no error in the authorities' decision. The issue of appeal maintainability was not pursued further following the dismissal of the appeal on its merits. Case-Laws Income Tax Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13088