https://www.taxtmi.com/caselaws?id=57075 The ITAT upheld the CIT(A)'s decision to allow depreciation of Rs. 40,000 based on Indian Oil Corporation vouchers, citing their genuineness and lack of evidence from the Revenue to challenge them. The appeal challenging the admission of fresh evidence was rejected as the authenticity of the vouchers was unquestionable, and the Revenue failed to cast doubt on them. The disallowance of depreciation on the car by 5/6th of the claimed amount was upheld based on past allowances and claim details. The lack of evidence regarding the car's business use was not substantiated by the Revenue, leading to the dismissal of the appeal and upholding of the CIT(A)'s order in full. en-us Tue, 09 Feb 1999 00:00:00 +0530 Wed, 08 Dec 2010 12:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57075 The ITAT upheld the CIT(A)'s decision to allow depreciation of Rs. 40,000 based on Indian Oil Corporation vouchers, citing their genuineness and lack of evidence from the Revenue to challenge them. The appeal challenging the admission of fresh evidence was rejected as the authenticity of the vouchers was unquestionable, and the Revenue failed to cast doubt on them. The disallowance of depreciation on the car by 5/6th of the claimed amount was upheld based on past allowances and claim details. The lack of evidence regarding the car's business use was not substantiated by the Revenue, leading to the dismissal of the appeal and upholding of the CIT(A)'s order in full. Case-Laws Income Tax Tue, 09 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57075