https://www.taxtmi.com/caselaws?id=273413 The Delhi HC dismissed the Revenue's appeal against the ITAT's order allowing depreciation claim for vehicles provided to employees for personal use by a foreign Assessee company. The Court held that such usage constitutes business expenditure, not personal expenditure, based on a Gujarat HC decision. No substantial question of law was found in the case. en-us Mon, 12 Oct 2015 00:00:00 +0530 Sun, 24 Jun 2018 21:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273413 The Delhi HC dismissed the Revenue's appeal against the ITAT's order allowing depreciation claim for vehicles provided to employees for personal use by a foreign Assessee company. The Court held that such usage constitutes business expenditure, not personal expenditure, based on a Gujarat HC decision. No substantial question of law was found in the case. Case-Laws Income Tax Mon, 12 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273413