Allowability of depreciation and expenses on motor car ...

Deductions Allowed for Car Expenses Despite Registration in Directors' Names; Business Use Confirmed by Assessing Officer.

November 10, 2016

Case Laws Income Tax AT

Allowability of depreciation and expenses on motor car maintenance, car insurance and interest paid on car loan - cars were registered in the name of the directors - AO himself has accepted the use of the car for the purpose of business of the assessee company - deductions allowed - AT

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Allowability of depreciation and expenses on motor car ...

Deductions Allowed for Car Expenses Despite Registration in Directors' Names; Business Use Confirmed by Assessing Officer.

November 10, 2016

Case Laws Income Tax AT

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