1983 (2) TMI 95

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..... the income of the assessee. The assessee is a firm engaged in the production and distribution of cinema films. The assessee owned already a car with the number KLA 1349. This was a Studybaker car. The spare-parts for this car were not readily available. The assessee, it would seem, purchased another Studybaker car bearing registration No. KLA 6906, dismantled the parts in this car and used them fo .....

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..... thereafter scrapped it, that the assessee is entitled to only the difference between the written down value and the scrap value as a deduction, that the assessee was not able to furnish proper details in respect of this and that admittedly car No. KLA 6906 is not of nil value as at the end of the previous year. He, therefore, upheld the action of the ITO. 3. It is submitted before us that the .....

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..... the car as revenue expenditure. The assessee has been able to show that the purpose in purchasing the car is only to use the parts therein for being fitted in the other car that was with the assessee. After the parts have been removed and after the registration and fitness certificate for this vehicle have been cancelled the car cannot be considered to have any value. The claim of the assessee fo .....

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