Disallowance of depreciation and expenses in respect of the new ...

Company Eligible for Car Depreciation Despite Registration in Director's Name; Practical Ownership Considered.

May 20, 2020

Case Laws Income Tax AT

Disallowance of depreciation and expenses in respect of the new car purchased - questioned car was registered in the name of the Director - the assessee company should be considered as owner for all practical purposes and hence it is entitled for depreciation.

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Disallowance of depreciation and expenses in respect of the new ...

Company Eligible for Car Depreciation Despite Registration in Director's Name; Practical Ownership Considered.

May 20, 2020

Case Laws Income Tax AT

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