Tribunal held that, Depreciation cannot be disallowed on motor car only on the reason that cars were parked on promoter’s premises . ( AY. 2009-10 , 2010-11)
ACIT v. Claridges Hotels Pvt. Ltd. (20180 61 ITR 135 (Delhi) (Trib)
S. 32: Depreciation — Depreciation cannot be disallowed on motor car only on the reason that cars were parked on promoter’s premises .