Depreciation not Disallowable merely for Purchase of car in Personal Name

Desh Raj Arora Vs ITO (ITAT Delhi) The issue under consideration is whether the depreciation on car purchased by assessee can be disallowed only because the payment towards purchase of the same is made through his personal account? In present case, the assessee purchased the car in his personal name. The payment of the purchase of the car was also made from the personal account. Therefore the learned assessing officer took a view that assessee has used this car for his personal purposes and therefore the depreciation on purchase of the new car was disallowed. He further noted that assessee has...