https://www.taxtmi.com/highlights?id=55351 Disallowance of depreciation is use of BMW car by the director of assessee - The car in question was a business asset and depreciation had to be allowed on the same. The AO could have disallowed depreciation on the ground of personal user in respect of a particular item of depreciable asset. He could not have disallowed the entire claim of depreciation. - AT en-us Sat, 31 Oct 2020 16:16:35 +0530 Sat, 31 Oct 2020 16:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55351 Disallowance of depreciation is use of BMW car by the director of assessee - The car in question was a business asset and depreciation had to be allowed on the same. The AO could have disallowed depreciation on the ground of personal user in respect of a particular item of depreciable asset. He could not have disallowed the entire claim of depreciation. - AT Highlights Income Tax Sat, 31 Oct 2020 16:16:35 +0530 https://www.taxtmi.com/highlights?id=55351