ITAT allows depreciation on car despite non-production of car purchase Invoice

Delhi Call Centre Private Limited Vs DCIT (ITAT Delhi)

 The only objection to the allowance of depreciation by the Lower Authorities is that the assessee could not produce copy of purchase invoice of the vehicle. It is undisputed that the Department has allowed interest on vehicle loan as well as has also allowed the expenditure towards car running. Thus, in fact, it is accepted by the Department that the assessee has a vehicle which is used for the business purposes. Although, the assessee could have made efforts to obtain a copy of t

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