Disallowance of depreciation on car and expenses related to cars ...

Income Tax

April 7, 2021

Disallowance of depreciation on car and expenses related to cars which were registered in the name of the directors - the dominion ownership of the car rest with the company. The company being a body corporate is different from the individuals. - In a body corporate there cannot be any element of personal expenses as alleged by the AO - AT

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Disallowance of depreciation on car and expenses related to cars ...

Income Tax

April 7, 2021

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