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2011 (12) TMI 298 - DELHI HIGH COURTReimbursement of employees' expenses on public taxis in connection with the business of the company is of the nature of payment of conveyance allowance, thereby attracting the dis-allowance under Section 37(A) - Held That:- It is clear that the expenditure referred to in Section 37(3B)(ii) pertains to running and maintenance of aircraft and motor cars. In our view, taxis used by employees of the assessee company for the business of the assessee company cannot be construed as hiring of cars as contemplated under the said provisions. Reliance placed on CIT v. General Electric Co. of India Ltd ( 2001 (12) TMI 35 - CALCUTTA High Court) & CIT v. Indian Hume Pipe Co Ltd. (2000 (3) TMI 15 - BOMBAY High Court) Depreciation allowance when property not registered in name of assessee - Held That:- In view of Mysore Minerals Ltd. v. CIT (1999 (9) TMI 1 - SUPREME Court), depreciation allowed.
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