Depreciation on Motor Car cannot be disallowed partly on Personal use assumption

Advocate Akhilesh Kumar Sah ACIT Vs. Claridges Hotels Pvt. Ltd. (ITAT Delhi) When motor vehicles are in the gross block of the company and used for business it cannot ipso facto lead to an inference that the depreciation has to be partly disallowed on the assumption that these are partly used for personal use: Claridges Hotels case. In many cases dispute come across regarding the disallowance of depreciation on motor vehicles used on the assumption by AO regarding the personal use of these. Recently, in ACIT, New Delhi vs. Claridges Hotels Pvt. Ltd. & vice-versa [ITA Nos.:- 5848, 5849/D...