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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Depreciation u/s 32 - registration of vehicles has not been ...


Appellant Claims Depreciation for Vehicles Without Registration Transfer u/s 32 of Income Tax Act.

July 18, 2016

Case Laws     Income Tax     AT

Depreciation u/s 32 - registration of vehicles has not been transferred in the name of the appellant under the Motor Vehicles Act - the assessee has rightly claimed depreciation on the vehicles having possession and dominion over the income and control over their operations. - AT

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