https://www.taxtmi.com/caselaws?id=26949 The High Court held that the Tribunal erred in allowing the full depreciation claimed by the assessee-firm for motor cars used partly for personal purposes by partners. It ruled that depreciation disallowance should align with the proportion of personal use established for motor car expenses, limiting the disallowance to 1/4th of the total depreciation claimed. The decision favored the Department over the assessee, with each party bearing their own costs. en-us Thu, 18 Oct 1984 00:00:00 +0530 Tue, 09 Feb 2010 15:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26949 The High Court held that the Tribunal erred in allowing the full depreciation claimed by the assessee-firm for motor cars used partly for personal purposes by partners. It ruled that depreciation disallowance should align with the proportion of personal use established for motor car expenses, limiting the disallowance to 1/4th of the total depreciation claimed. The decision favored the Department over the assessee, with each party bearing their own costs. Case-Laws Income Tax Thu, 18 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26949