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2017 (4) TMI 116 - AT - Income TaxClaim of depreciation on motor car - Held that:- We are of the view that assessee should be allowed the claim of depreciation @ 50% on the WDV as on 01.04.2009 of motor car purchased for business purposes on 28.03.2009. In the result, this ground of assessee is allowed. Disallowance of travelling expenses - Held that:- Undoubtedly, the assessee had incurred travelling expenditure, but specifically could not prove the business nexus of Directors’ travelling expenditure to the satisfaction of lower authorities. It is also not disputed that books of accounts are audited and no major adversity has been detected by the Assessing Authority while completing the assessment and it is also the fact that ledger account of travelling expenditure was placed on record. We, therefore, in view of above facts, are of the view that it will meet the ends of justice if the disallowance is restricted to 15% of the Directors’ travelling expenses of ₹ 3,74,069/-, which will work out to ₹ 56,110/-; and we order accordingly. In the result, this ground of the assessee is partly allowed.
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