2001 (7) TMI 70 - HC - Income Tax

Extract:
.......g while disallowing 1/6th of the total car expenditure and depreciation claimed by the assessee on account of the personal use of the cars which we re used by the directors. We, therefore, answer the question in the negative, i.e., in favour of the assessee and against the Revenue. The reference is disposed of accordingly with no order as to costs.