https://www.taxtmi.com/caselaws?id=406836 The Tribunal allowed the appeal, granting the assessee the depreciation claim at 50% for a motor car purchased for business purposes, amounting to Rs. 24,80,124. The Tribunal found that the motor car qualified as a commercial vehicle under the Income Tax Rules, supported by judgments from Coordinate Bench cases. The Revenue's denial of the 50% depreciation claim was overturned, with the Tribunal ruling in favor of the assessee based on the precedents and arguments presented during the hearing. en-us Thu, 22 Apr 2021 00:00:00 +0530 Sat, 24 Apr 2021 09:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406836 The Tribunal allowed the appeal, granting the assessee the depreciation claim at 50% for a motor car purchased for business purposes, amounting to Rs. 24,80,124. The Tribunal found that the motor car qualified as a commercial vehicle under the Income Tax Rules, supported by judgments from Coordinate Bench cases. The Revenue's denial of the 50% depreciation claim was overturned, with the Tribunal ruling in favor of the assessee based on the precedents and arguments presented during the hearing. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406836