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Case Law Details

Case Name : Vinod Textiles Vs ACIT (ITAT Ahmedabad)
Related Assessment Year : 2017-18
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Vinod Textiles Vs ACIT (ITAT Ahmedabad)

Introduction: The case of Vinod Textiles vs ACIT (ITAT Ahmedabad) centers on the claim of depreciation for a motor vehicle registered in a partner’s name within a partnership firm. The Income Tax Appellate Tribunal (ITAT) Ahmedabad evaluates whether a partnership firm can avail of depreciation on a motor vehicle that is purchased and registered in the name of one of its partners.

Analysis: In this case, Vinod T

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