https://www.taxtmi.com/caselaws?id=400111 The Appellate Tribunal ITAT Pune ruled in favor of the assessee, allowing both grounds of appeal related to the disallowance of depreciation claim on motor vehicles and the disallowance claimed under section 80IA(4) of the Income Tax Act for the assessment year in question. The Tribunal held that disallowance of depreciation for vehicles purchased in the name of directors was not justified and that the assessee was entitled to the deduction under section 80IA(4) as per legal precedents. en-us Wed, 21 Oct 2020 00:00:00 +0530 Tue, 27 Oct 2020 19:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400111 The Appellate Tribunal ITAT Pune ruled in favor of the assessee, allowing both grounds of appeal related to the disallowance of depreciation claim on motor vehicles and the disallowance claimed under section 80IA(4) of the Income Tax Act for the assessment year in question. The Tribunal held that disallowance of depreciation for vehicles purchased in the name of directors was not justified and that the assessee was entitled to the deduction under section 80IA(4) as per legal precedents. Case-Laws Income Tax Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400111