Disallowance of depreciation is use of BMW car by the director ...

Case Laws Income Tax

October 31, 2020

Disallowance of depreciation is use of BMW car by the director of assessee - The car in question was a business asset and depreciation had to be allowed on the same. The AO could have disallowed depreciation on the ground of personal user in respect of a particular item of depreciable asset. He could not have disallowed the entire claim of depreciation. - AT

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Disallowance of depreciation is use of BMW car by the director ...

Case Laws Income Tax

October 31, 2020

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