1979 (6) TMI 64 - AT - Income Tax

Summary

The Department appealed the order of the AAC directing the ITO to allow depreciation on a truck not owned by the assessee. The AAC justified the allowance based on the assessee's investment in the vehicle and its use for business. The Tribunal upheld the AAC's decision, citing a similar case from the Amritsar Bench. The appeal was dismissed.