Held that in absence of any log book being maintained for the usage of vehicle by the proprietor and his family, the Assessing Officer disallowed 20 per cent. of depreciation on motor car as being attributable to personal usage of the asset in terms of provisions of section 38(2) of the Act. The Commissioner (Appeals) affirmed the order. (AY. 2012-13)
Sanjay Subhashchand Gupta v. ACIT (2022) 95 ITR 89 (SN)(Mum) (Trib)
S. 32 : Depreciation-Personal use-No log book maintained-Disallowance of 20 percent for personal use is held to be proper. [S. 38(2)]