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2016 (7) TMI 738 - AT - Income TaxDepreciation on motor car - car purchased in the names of the Directors of the assessee-company - Held that:- It is an undisputed fact that though the car has been purchased in the name of the two Directors of the Company, but it is reflected in the balance-sheet of the assessee. We find that on identical facts, on similar issue the Coordinate Bench in the case of Afflon Alpast [2015 (1) TMI 1234 - ITAT AHMEDABAD] wherein held that mere non-registration of a vehicle in the name of the company under the Motor Vehicles Act, cannot disentitle it in regard to its claim of depreciation, when the facts on record are undisputed that the assessee company has, in fact, made the investment in purchase of the vehicle and such vehicle is being used for its business. - Decided in favour of assessee
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