TMI Blog2011 (5) TMI 1079X X X X Extracts X X X X X X X X Extracts X X X X ..... of the CIT(A)-III Pune dated 24-7-2009 for A.Y. 2006-07 on the issue as to whether the CIT(A) has erred in allowing the claim of depreciation on vehicles owned by the Directors of the assessee. 2. The assessee company is into dealership of General Motor cars. The Assessing Officer noticed that assessee has claimed depreciation of ₹ 8,61,227/- on vehicles called Demo cars purchased in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... td. In ITA No. 1062 and 1063/PN/2009 for A.Y. 2005-06 and 2006-07 dated 31-1-2011 wherein following the decision of the Tribunal in the case of Rohan Builders and Developers Pvt. Ltd (supra) decided the issue in favour of the assessee and against the Revenue. 4. After hearing both the parties and perusing the material on record, we find that the issue raised in this appeal is squarely covered b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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