https://www.taxtmi.com/caselaws?id=15089 The High Court ruled in favor of the assessee regarding the profit element on materials supplied by the Government, denying the additional income assumption made by the Assessing Officer. However, the court sided with the Commissioner on the disallowance of 25% depreciation on a car used for personal work, in accordance with Section 38(2) of the Income-tax Act. Each party was ordered to bear its own costs. en-us Tue, 16 Nov 1999 00:00:00 +0530 Fri, 31 Jul 2009 18:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15089 The High Court ruled in favor of the assessee regarding the profit element on materials supplied by the Government, denying the additional income assumption made by the Assessing Officer. However, the court sided with the Commissioner on the disallowance of 25% depreciation on a car used for personal work, in accordance with Section 38(2) of the Income-tax Act. Each party was ordered to bear its own costs. Case-Laws Income Tax Tue, 16 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15089