https://www.taxtmi.com/caselaws?id=763328 ITAT Mumbai denied depreciation claim on motor car purchased in husband's name but funded by assessee's proprietorship concern. While assessee satisfied ownership requirement under section 32, she failed to prove business use through evidence like log book or travel records. Court noted that allowance of motor car expenses under section 37 cannot automatically entitle depreciation under section 32 as sections are mutually exclusive. Assessee's failure to maintain proper documentation resulted in rejection of depreciation claim. en-us Mon, 16 Dec 2024 00:00:00 +0530 Wed, 18 Dec 2024 08:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763328 ITAT Mumbai denied depreciation claim on motor car purchased in husband's name but funded by assessee's proprietorship concern. While assessee satisfied ownership requirement under section 32, she failed to prove business use through evidence like log book or travel records. Court noted that allowance of motor car expenses under section 37 cannot automatically entitle depreciation under section 32 as sections are mutually exclusive. Assessee's failure to maintain proper documentation resulted in rejection of depreciation claim. Case-Laws Income Tax Mon, 16 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763328