Addition on account of depreciation, interest and running ...

Case Laws Income Tax

November 16, 2021

Addition on account of depreciation, interest and running expenses for the vehicle registered in the name of the director - Dominion ownership of the car rest with the company. The company being a body corporate is different from the individuals. In other words in a body corporate there cannot be any element of personal expenses as alleged by the AO. - AT

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Addition on account of depreciation, interest and running ...

Case Laws Income Tax

November 16, 2021

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