Ad-hock disallowance of depreciation - non maintenance of log ...

Income Tax

August 26, 2019

Ad-hock disallowance of depreciation - non maintenance of log book - it was required to demonstrate that the vehicle has been used wholly and exclusively for the business purposes and in the absence of such evidence, it cannot be inferred that the vehicle was not used for personal use - disallowance upheld

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Ad-hock disallowance of depreciation - non maintenance of log ...

Income Tax

August 26, 2019

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