https://www.taxtmi.com/caselaws?id=438644 The Tribunal allowed the assessee's appeal regarding the disallowance of depreciation on the vehicle registration date. The assessee successfully argued that since the vehicle was purchased and ready for use before the registration date, they were entitled to claim 100% depreciation for the entire year. The Tribunal found merit in the assessee's evidence and cited relevant case law to support their decision. As a result, the Tribunal directed the Assessing Officer to allow the claim of depreciation for the full year, ruling in favor of the assessee. en-us Wed, 31 May 2023 00:00:00 +0530 Mon, 05 Jun 2023 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438644 The Tribunal allowed the assessee's appeal regarding the disallowance of depreciation on the vehicle registration date. The assessee successfully argued that since the vehicle was purchased and ready for use before the registration date, they were entitled to claim 100% depreciation for the entire year. The Tribunal found merit in the assessee's evidence and cited relevant case law to support their decision. As a result, the Tribunal directed the Assessing Officer to allow the claim of depreciation for the full year, ruling in favor of the assessee. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438644