https://www.taxtmi.com/caselaws?id=61186 A partner's share of profits from a firm is business income in the partner's hands, and expenses incurred wholly and exclusively to earn that income are deductible. On proof of actual business use of the car for partnership-related travel and disbursements, the related petrol cost and proportionate depreciation were allowable, while unproved or excess claim was not. The ruling recognises deduction of car expenses linked to earning partnership income only to the extent business use is established. en-us Fri, 30 Apr 1982 00:00:00 +0530 Wed, 01 Jan 2025 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61186 A partner's share of profits from a firm is business income in the partner's hands, and expenses incurred wholly and exclusively to earn that income are deductible. On proof of actual business use of the car for partnership-related travel and disbursements, the related petrol cost and proportionate depreciation were allowable, while unproved or excess claim was not. The ruling recognises deduction of car expenses linked to earning partnership income only to the extent business use is established. Case-Laws Income Tax Fri, 30 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61186