1988 (5) TMI 290

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....a Kashyap who alongwith her authorised representative Shri P.R. Dastidor appeared on 29th & 30th May, 1988. 2. They reiterated the contexts of the appeal but in particular stated that it was erroneous for the A.C. to hold that beyond fourth year of its use there is no depreciation in a car; that the A.C. should not have ignored the valuation of the car equivalent to DM 9120 as determined by M/s. ....

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....se, that, therefore, they should have been allowed some depreciation beyond 4th year. According to the appellant this depreciation should be for 5th year 1.75% and 1.5% per quarter thereafter. They also contest the conclusion of the A.C. that the car being in a very good condition no depredation beyond fourth year was necessary, since, A.C. is neither an export nor outward appearance of car can to....

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....t that depreciation does not come to an end after four years because the value of a car goes down in the market depending upon the year of the manufacture itself. Bends there ought to be some deterioration in subsequent years howsoever well a car can be kept. However the depreciation beyond fourth year must be decided on the merits of each case. The car here is admittedly seven years old at the ti....