Depreciation on vehicles cannot be disallowed merely because vehicles been registered in the name of partner

ACIT vs. Gopal Fabrics (ITAT Ahmedabad)  AO while making this disallowance has observed as under: 6. Disallowance of Claim of Depreciation: On perusal of the submitted details, it is noticed that the assessee has claimed depreciation on motor vehicles amounting of Rs.2,93,169/- in the year under consideration, but during the course of assessment proceeding the assessee has produced bills and proof of purchase of the assets and it is seen from the details furnished by the assessee the vehicles are registered in the name of partners and it is used by the form even though the vehicles are at th...