https://www.taxtmi.com/caselaws?id=284738 The court allowed the claim of depreciation on premises used for the residence of the Director, as the property was owned by the company and provided to the director for managing business affairs. The court dismissed the Revenue's appeal, holding that the benefit from the accommodation was not a perquisite in the director's return and that no resolution was required for the director's occupancy. The decision was supported by relevant case laws, a CBDT circular, and a Delhi High Court judgment. en-us Mon, 21 May 2018 00:00:00 +0530 Mon, 09 Dec 2019 10:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284738 The court allowed the claim of depreciation on premises used for the residence of the Director, as the property was owned by the company and provided to the director for managing business affairs. The court dismissed the Revenue's appeal, holding that the benefit from the accommodation was not a perquisite in the director's return and that no resolution was required for the director's occupancy. The decision was supported by relevant case laws, a CBDT circular, and a Delhi High Court judgment. Case-Laws Income Tax Mon, 21 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284738