Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2002 (5) TMI 27 - HC - Income Tax
"1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in holding that depreciation on a vehicle which is not registered in the name of the assessee was an allowable deduction in the hands of the assessee?" we are of the opinion that the question must be answered in the affirmative, i.e., against the Revenue and in favour of the assessee.