Disallowance of depreciation on the car purchased by the ...

Proprietorship Firm's Car Depreciation Disallowed Due to Personal Account Payment; Business Asset Status Unchanged.

November 22, 2019

Case Laws Income Tax AT

Disallowance of depreciation on the car purchased by the assessee - Proprietorship firm - Merely because assessee has made payment for purchase of car from his personal account does not mean that it is not the business asset of the assessee.

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Disallowance of depreciation on the car purchased by the ...

Proprietorship Firm's Car Depreciation Disallowed Due to Personal Account Payment; Business Asset Status Unchanged.

November 22, 2019

Case Laws Income Tax AT

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