https://www.taxtmi.com/caselaws?id=57630 Depreciation under section 32 is available where the assessee owns the asset and uses it for business, and registration under the Motor Vehicles Act is not a precondition to title in movable property. Ownership of motor lorries passed on purchase and delivery, and the lorries were used in business, so the absence of registration in the assessee's name did not defeat the claim for depreciation. The operative effect is that tax depreciation may be claimed on delivered and used vehicles even if transfer registration has not yet been completed. en-us Sat, 03 Sep 1983 00:00:00 +0530 Sat, 11 Dec 2010 12:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57630 Depreciation under section 32 is available where the assessee owns the asset and uses it for business, and registration under the Motor Vehicles Act is not a precondition to title in movable property. Ownership of motor lorries passed on purchase and delivery, and the lorries were used in business, so the absence of registration in the assessee's name did not defeat the claim for depreciation. The operative effect is that tax depreciation may be claimed on delivered and used vehicles even if transfer registration has not yet been completed. Case-Laws Income Tax Sat, 03 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57630