Addition being depreciation allowance, interest and insurance ...

Court Upholds Assessee's Claims for Vehicle Expenses Despite Non-ownership; Registration in Directors' Names Deemed Valid.

December 11, 2020

Case Laws Income Tax AT

Addition being depreciation allowance, interest and insurance expenses relating to vehicles though the assessee was not the owner of such vehicles - The action taken by the assessee for registry the vehicles in the name of individual directors was within the framework of the provisions of law. Accordingly, we are of the view that this cannot be a ground to reject the claim of the assessee. - AT

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Addition being depreciation allowance, interest and insurance ...

Court Upholds Assessee's Claims for Vehicle Expenses Despite Non-ownership; Registration in Directors' Names Deemed Valid.

December 11, 2020

Case Laws Income Tax AT

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